£103,630
This estimated value is based upon the latest sale price for the house of £101,000 on 30 Nov 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 |
|---|---|
| £101,000 | 30 Nov 2023 |
| £112,500 | 19 Nov 2021 |
| £89,000 | 3 Feb 2006 |
| £39,000 | 23 Jul 1999 |
| Terraced |
| Freehold |
| Floor Area: 59 sq meters or 635 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 November 2023 the House Price Index for TYNE AND WEAR was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £101,000 results in an estimated price of approximately £103,630.
| 30 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £101,000 | £2,630 | £103,630 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -3.089 % | £-3,119 | £97,880 |
| 3 Month Average | 0.158 % | £159 | £101,159 |
| 6 Month Average | 4.933 % | £4,982 | £105,982 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £103,631 | £101,000 | 30 CHESSAR AVENUE |
| 20 Oct 2023 | £115,114 | £112,500 | 6 REDNAM PLACE |
| 8 Aug 2023 | £91,653 | £90,000 | 27 DRUMSHEUGH PLACE |
| 22 Oct 2022 | £164,451 | £165,000 | 33 GREENVALE AVENUE |
| 14 Jun 2022 | £159,408 | £156,000 | 42 GREENVALE AVENUE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 2 Jun 2020. Using an estimated price of £103,631 means this house is valued at £1,756 per sq meter (£163 per sq foot).
The average size of a house on CHESSAR AVENUE is 80 sq meters (861 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Curzon Place |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Curzon Place |