£160,296
This estimated value is based upon the latest sale price for the house of £135,000 on 2 Sep 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £135,000 | 2 Sep 2020 |
| £127,000 | 29 Jun 2018 |
| £106,000 | 7 May 2010 |
| £63,000 | 21 Jul 2003 |
| £51,500 | 9 Dec 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in September 2020 the House Price Index for TYNE AND WEAR was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £135,000 results in an estimated price of approximately £160,296.
| 2 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.6 | 18.738 % | £135,000 | £25,296 | £160,296 |
The Postcode Pricing Model uses changes in average sales price within the NE34 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -16.071 % | £-21,695 | £113,304 |
| 3 Month Average | -13.911 % | £-18,779 | £116,220 |
| 6 Month Average | -0.187 % | £-252 | £134,747 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £130,000 | £130,000 | 12 PALM AVENUE |
| 10 Nov 2023 | £121,803 | £120,000 | 46 PALM AVENUE |
| 29 Sep 2023 | £177,267 | £175,000 | 49 OAK AVENUE |
| 22 Sep 2023 | £121,554 | £120,000 | 97 GORSE AVENUE |
| 22 Sep 2022 | £173,598 | £175,000 | 14 PINE AVENUE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 17 Dec 2019. Using an estimated price of £160,297 means this house is valued at £1,931 per sq meter (£179 per sq foot).
The average size of a house on PINE AVENUE is 95 sq meters (1,025 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Pine Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pine Avenue |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Pine Avenue |
| Jan 2024 | Anti-social behaviour | On or near Pine Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Pine Avenue |