£159,755
This estimated value is based upon the latest sale price for the house of £88,000 on 2 Dec 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,000 | 2 Dec 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2005 the House Price Index for TYNE AND WEAR was 82.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 81.541%.Applying this 81.541% change to the original purchase price of £88,000 results in an estimated price of approximately £159,755.
| 2 Dec 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.5 | 149.7 | 81.541 % | £88,000 | £71,755 | £159,755 |
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 | 59.500 % | £52,359 | £140,359 |
| 3 Month Average | 48.905 % | £43,036 | £131,036 |
| 6 Month Average | 50.086 % | £44,075 | £132,075 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £132,028 | £130,000 | 12 PALM AVENUE |
| 21 Dec 2023 | £149,597 | £145,000 | 136 PRINCE EDWARD ROAD |
| 21 Dec 2023 | £206,340 | £200,000 | 45 QUARRY LANE |
| 10 Nov 2023 | £123,125 | £120,000 | 46 PALM AVENUE |
| 20 Jun 2022 | £171,670 | £168,000 | 15 QUARRY LANE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 5 Jun 2018. Using an estimated price of £159,756 means this house is valued at £1,901 per sq meter (£176 per sq foot).
The average size of a house on LILAC AVENUE is 93 sq meters (1,005 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Palm Avenue |