£49,960
This estimated value is based upon the latest sale price for the house of £41,000 on 27 Feb 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £41,000 | 27 Feb 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 February 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.855%.Applying this 21.855% change to the original purchase price of £41,000 results in an estimated price of approximately £49,960.
| 27 Feb 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.855 % | £41,000 | £8,960 | £49,960 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 90.466 % | £37,090 | £78,090 |
| 3 Month Average | 27.211 % | £11,156 | £52,156 |
| 6 Month Average | 21.475 % | £8,804 | £49,804 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £120,734 | £120,000 | 24 EASTGATE GARDENS |
| 29 Aug 2023 | £44,269 | £44,000 | 466 ELSWICK ROAD |
| 18 Aug 2023 | £110,673 | £110,000 | 4 EASTGATE GARDENS |
| 23 Jun 2023 | £162,316 | £161,000 | 31 EASTGATE GARDENS |
| 14 Jun 2023 | £105,858 | £105,000 | 23 CLOVELLY AVENUE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 6 Jan 2020. Using an estimated price of £49,961 means this house is valued at £793 per sq meter (£73 per sq foot).
The average size of a house on DIPTON AVENUE is 80 sq meters (871 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Eastgate Gardens |
| Apr 2024 | Vehicle crime | Under investigation | On or near Eastgate Gardens |
| Mar 2024 | Anti-social behaviour | On or near Eastgate Gardens | |
| Mar 2024 | Anti-social behaviour | On or near Eastgate Gardens | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Clifton Road |