£176,258
This estimated value is based upon the latest sale price for the house of £80,950 on 19 Dec 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,950 | 19 Dec 2003 |
| £80,950 | 19 Dec 2003 |
| Flats/Maisonettes |
| Leasehold |
| 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 December 2003 the House Price Index for TYNE AND WEAR was 68.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 117.737%.Applying this 117.737% change to the original purchase price of £80,950 results in an estimated price of approximately £176,258.
| 19 Dec 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 68.2 | 148.6 | 117.737 % | £80,950 | £95,308 | £176,258 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 36.973 % | £29,929 | £110,879 |
| 3 Month Average | 47.560 % | £38,499 | £119,449 |
| 6 Month Average | 63.217 % | £51,174 | £132,124 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £93,821 | £93,000 | 42 SPRINGFIELD PLACE |
| 2 Feb 2023 | £149,999 | £150,100 | 28 KELLS LANE |
| 31 Jan 2023 | £100,526 | £101,000 | 9 FLORENCE AVENUE |
| 11 Nov 2022 | £127,456 | £129,000 | 17 BEVERLEY ROAD |
| 26 Aug 2022 | £159,570 | £160,000 | 3 VILLA VIEW |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 8 Jul 2020. Using an estimated price of £176,258 means this house is valued at £1,855 per sq meter (£172 per sq foot).
The average size of a house on FLORENCE AVENUE is 77 sq meters (834 sq feet).
This house is the largest in the street with a floor area of 95 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Grove Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hillside Place |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hillside Place |
| Feb 2024 | Other crime | Under investigation | On or near Hillside Place |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Hillside Place |