£269,500
This estimated value is based upon the latest sale price for the house of £265,000 on 22 Mar 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £265,000 | 22 Mar 2023 |
| £128,000 | 9 Dec 2002 |
| £111,000 | 17 Aug 2001 |
| £47,000 | 23 Aug 1996 |
| Semi-Detached |
| Leasehold |
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 March 2023 the House Price Index for TYNE AND WEAR was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £265,000 results in an estimated price of approximately £269,500.
| 22 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £265,000 | £4,500 | £269,500 |
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 | 109.746 % | £290,827 | £555,827 |
| 3 Month Average | 31.214 % | £82,716 | £347,716 |
| 6 Month Average | 15.815 % | £41,908 | £306,908 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £312,716 | £310,000 | 38 CENTRAL AVENUE |
| 20 Oct 2023 | £404,180 | £395,000 | 21 CENTRAL AVENUE |
| 27 Sep 2023 | £204,508 | £200,000 | 27 CENTRAL AVENUE |
| 30 Jun 2023 | £247,240 | £242,285 | 8 WEST AVENUE |
| 22 Mar 2023 | £269,501 | £265,000 | 29 CENTRAL GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near West Avenue |
| Sep 2024 | Shoplifting | Under investigation | On or near South Avenue |
| Sep 2024 | Robbery | Under investigation | On or near South Avenue |
| Sep 2024 | Anti-social behaviour | On or near South Avenue | |
| Sep 2024 | Shoplifting | Under investigation | On or near South Avenue |