£118,275
This estimated value is based upon the latest sale price for the house of £68,950 on 28 Jan 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£68,950 | 28 Jan 2011 |
£24,000 | 27 Jan 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 47 sq meters or 513 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 January 2011 the House Price Index for TYNE AND WEAR was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.539%.Applying this 71.539% change to the original purchase price of £68,950 results in an estimated price of approximately £118,275.
28 Jan 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.6 | 148.6 | 71.539 % | £68,950 | £49,325 | £118,275 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | -14.255 % | £-9,828 | £59,121 |
3 Month Average | 27.701 % | £19,100 | £88,050 |
6 Month Average | 30.498 % | £21,028 | £89,978 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £101,295 | £100,000 | 11 NORTHLEA |
25 Aug 2023 | £166,456 | £165,000 | 5 SANDRINGHAM ROAD |
16 Aug 2023 | £49,987 | £49,550 | 42 AVALON DRIVE |
2 Aug 2023 | £307,692 | £305,000 | 90 SOUTH VIEW |
21 Jul 2023 | £193,606 | £191,000 | 3 SANDRINGHAM ROAD |
This house has a floor area of 47 sq meters or 513 sq feet when measured on 4 Jun 2010. Using an estimated price of £118,276 means this house is valued at £2,481 per sq meter (£230 per sq foot).
The average size of a house on AVALON DRIVE is 67 sq meters (728 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Avalon Drive |
Dec 2023 | Vehicle crime | Under investigation | On or near Avalon Drive |
Jan 2024 | Drugs | Investigation complete; no suspect identified | On or near South View |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Wallington Drive |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Wallington Drive |