£136,878
This estimated value is based upon the latest sale price for the house of £65,000 on 31 Mar 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£65,000 | 31 Mar 2004 |
Flats/Maisonettes |
Leasehold |
Floor Area: 105 sq meters or 1,130 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 March 2004 the House Price Index for TYNE AND WEAR was 71.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 110.582%.Applying this 110.582% change to the original purchase price of £65,000 results in an estimated price of approximately £136,878.
31 Mar 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
71.1 | 149.7 | 110.582 % | £65,000 | £71,878 | £136,878 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 31.276 % | £20,329 | £85,329 |
3 Month Average | 37.308 % | £24,250 | £89,250 |
6 Month Average | 46.243 % | £30,058 | £95,058 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Mar 2024 | £124,919 | £123,000 | 682 DURHAM ROAD |
8 Dec 2023 | £438,473 | £425,000 | 30 WORLEY AVENUE |
6 Oct 2023 | £173,951 | £170,000 | 34 WORLEY AVENUE |
3 Mar 2023 | £294,925 | £290,000 | 8 - 10 CHOWDENE BANK |
25 Nov 2022 | £111,479 | £112,000 | 40 WORLEY AVENUE |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 23 Jan 2016. Using an estimated price of £136,878 means this house is valued at £1,303 per sq meter (£121 per sq foot).
The average size of a house on WORLEY AVENUE is 94 sq meters (1,012 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Durham Road |
Jun 2024 | Anti-social behaviour | On or near Durham Road | |
Jun 2024 | Anti-social behaviour | On or near Durham Road | |
May 2024 | Violence and sexual offences | Under investigation | On or near Durham Road |
May 2024 | Anti-social behaviour | On or near Durham Road |