£120,693
This estimated value is based upon the latest sale price for the house of £99,950 on 15 May 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 |
|---|---|
| £99,950 | 15 May 2020 |
| £82,000 | 11 Jun 2004 |
| £32,500 | 7 Dec 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 20.754%.Applying this 20.754% change to the original purchase price of £99,950 results in an estimated price of approximately £120,693.
| 15 May 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 146.7 | 20.754 % | £99,950 | £20,743 | £120,693 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | 50.409 % | £50,383 | £150,333 |
| 3 Month Average | -8.614 % | £-8,609 | £91,340 |
| 6 Month Average | 21.829 % | £21,817 | £121,767 |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 28 Jul 2014.
The average size of a house on VESPASIAN AVENUE is 148 sq meters (1,603 sq feet).
This house is the smallest in the street with a floor area of 67 sq meters (721 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Vespasian Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Vespasian Street |
| Jan 2024 | Anti-social behaviour | On or near Vespasian Street | |
| Jan 2024 | Anti-social behaviour | On or near Vespasian Street | |
| Jan 2024 | Anti-social behaviour | On or near Vespasian Street |