£161,036
This estimated value is based upon the latest sale price for the house of £32,500 on 28 Nov 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £32,500 | 28 Nov 1997 |
| 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 November 1997 the House Price Index for TYNE AND WEAR was 30.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 395.496%.Applying this 395.496% change to the original purchase price of £32,500 results in an estimated price of approximately £161,036.
| 28 Nov 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.2 | 149.7 | 395.496 % | £32,500 | £128,536 | £161,036 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 476.620 % | £154,901 | £187,401 |
| 3 Month Average | 401.451 % | £130,471 | £162,971 |
| 6 Month Average | 313.461 % | £101,874 | £134,374 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2024 | £285,000 | £285,000 | 84 THIRD AVENUE |
| 15 Mar 2024 | £137,107 | £135,000 | 57 SEVENTH AVENUE |
| 19 Dec 2023 | £246,577 | £239,000 | 21 FOURTH AVENUE |
| 30 Oct 2023 | £143,765 | £140,500 | 40 SIXTH AVENUE |
| 24 Aug 2023 | £117,031 | £114,920 | 26 SIXTH AVENUE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 4 Jul 2018. Using an estimated price of £161,036 means this house is valued at £2,556 per sq meter (£237 per sq foot).
The average size of a house on FIFTH AVENUE is 85 sq meters (921 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Anti-social behaviour | On or near Third Avenue | |
| Nov 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Third Avenue |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Third Avenue |
| Oct 2024 | Other theft | Under investigation | On or near Third Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Third Avenue |