£536,450
This estimated value is based upon the latest sale price for the house of £146,570 on 6 Oct 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £146,570 | 6 Oct 2000 |
| Detached |
| Freehold |
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 October 2000 the House Price Index for TYNE AND WEAR was 40.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 266.003%.Applying this 266.003% change to the original purchase price of £146,570 results in an estimated price of approximately £536,450.
| 6 Oct 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.6 | 148.6 | 266.003 % | £146,570 | £389,880 | £536,450 |
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 | 115.504 % | £169,293 | £315,863 |
| 3 Month Average | 159.917 % | £234,390 | £380,960 |
| 6 Month Average | 175.281 % | £256,909 | £403,479 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £359,598 | £355,000 | 6 GLENHURST GROVE |
| 4 Aug 2023 | £529,633 | £525,000 | 2 GLENHURST GROVE |
| 30 Jun 2023 | £293,556 | £290,000 | 27 NORTH AVENUE |
| 23 May 2022 | £241,551 | £237,000 | 2 MOORE AVENUE |
| 18 Feb 2022 | £288,391 | £275,000 | 11 ST MARYS AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Sunderland Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sunderland Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near North Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near North Avenue |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |