£161,586
This estimated value is based upon the latest sale price for the house of £97,000 on 2 Aug 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £97,000 | 2 Aug 2013 |
| £48,000 | 24 Oct 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 August 2013 the House Price Index for TYNE AND WEAR was 89.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.584%.Applying this 66.584% change to the original purchase price of £97,000 results in an estimated price of approximately £161,586.
| 2 Aug 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 149.7 | 66.584 % | £97,000 | £64,586 | £161,586 |
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 | 53.968 % | £52,348 | £149,348 |
| 3 Month Average | 34.614 % | £33,575 | £130,575 |
| 6 Month Average | 37.253 % | £36,135 | £133,135 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £155,349 | £154,000 | 32 WHITE HORSE VIEW |
| 20 Dec 2023 | £226,974 | £220,000 | 1 CHIRTON AVENUE |
| 19 Oct 2023 | £278,321 | £272,000 | 120 LUMLEY AVENUE |
| 14 Aug 2023 | £162,939 | £160,000 | 310 PRINCE EDWARD ROAD |
| 28 Apr 2023 | £142,668 | £140,000 | 55 BEACON GLADE |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 11 Jun 2014. Using an estimated price of £161,587 means this house is valued at £1,700 per sq meter (£158 per sq foot).
The average size of a house on PRINCE EDWARD ROAD is 88 sq meters (948 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Chirton Avenue | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Prince Edward Grove |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Prince Edward Grove |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Prince Edward Grove |