£64,061
This estimated value is based upon the latest sale price for the house of £60,000 on 30 Nov 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Lowerson Avenue
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| Price Paid | Date |
|---|---|
| £60,000 | 30 Nov 2021 |
| £64,950 | 16 Dec 2005 |
| Terraced |
| Freehold |
| 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 November 2021 the House Price Index for TYNE AND WEAR was 137.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 6.769%.Applying this 6.769% change to the original purchase price of £60,000 results in an estimated price of approximately £64,061.
| 30 Nov 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 146.7 | 6.769 % | £60,000 | £4,061 | £64,061 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -4.236 % | £-2,541 | £57,458 |
| 3 Month Average | 0.283 % | £169 | £60,169 |
| 6 Month Average | -7.732 % | £-4,638 | £55,361 |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 21 May 2021.
The average size of a house on LOWERSON AVENUE is 92 sq meters (993 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Lowerson Avenue | |
| Mar 2024 | Burglary | Under investigation | On or near Lowerson Avenue |
| Jan 2024 | Public order | Under investigation | On or near Lowerson Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Lowerson Avenue |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lowerson Avenue |