£813,283
This estimated value is based upon the latest sale price for the house of £486,000 on 10 May 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 |
|---|---|
| £486,000 | 10 May 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 210 sq meters or 2,260 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 May 2013 the House Price Index for TYNE AND WEAR was 88.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.342%.Applying this 67.342% change to the original purchase price of £486,000 results in an estimated price of approximately £813,283.
| 10 May 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 148.6 | 67.342 % | £486,000 | £327,283 | £813,283 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 1.518 % | £7,375 | £493,375 |
| 3 Month Average | -7.770 % | £-37,763 | £448,236 |
| 6 Month Average | 20.325 % | £98,778 | £584,778 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £1,114,247 | £1,100,000 | 27 MITCHELL AVENUE |
| 15 Sep 2023 | £1,063,599 | £1,050,000 | 25 MITCHELL AVENUE |
| 27 Apr 2023 | £884,524 | £875,000 | 18 TOWERS AVENUE |
| 14 Oct 2022 | £719,256 | £727,000 | 13 TOWERS AVENUE |
| 8 Sep 2022 | £624,953 | £630,000 | 20 TOWERS AVENUE |
This house has a floor area of 210 sq meters or 2,260 sq feet when measured on 29 Nov 2012. Using an estimated price of £813,284 means this house is valued at £3,872 per sq meter (£359 per sq foot).
The average size of a house on TOWERS AVENUE is 197 sq meters (2,126 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Crossway |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Towers Avenue |
| Mar 2024 | Burglary | Under investigation | On or near Mitchell Avenue |
| Mar 2024 | Anti-social behaviour | On or near Mitchell Avenue | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Honister Avenue |