£5,892,037
This estimated value is based upon the latest sale price for the house of £5,900,000 on 28 Jul 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £5,900,000 | 28 Jul 2022 |
| £4,065,000 | 16 Jan 2020 |
| Freehold |
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 July 2022 the House Price Index for TYNE AND WEAR was 148.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.135%.Applying this -0.135% change to the original purchase price of £5,900,000 results in an estimated price of approximately £5,892,037.
| 28 Jul 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 148.0 | -0.135 % | £5,900,000 | £-7,962 | £5,892,037 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -42.609 % | £-2,513,910 | £3,386,089 |
| 3 Month Average | -17.115 % | £-1,009,783 | £4,890,216 |
| 6 Month Average | -18.327 % | £-1,081,272 | £4,818,727 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £155,525 | £155,000 | 19 IRENE AVENUE |
| 22 Dec 2023 | £168,182 | £165,000 | 5 OUSEBURN CLOSE |
| 20 Dec 2023 | £122,314 | £120,000 | 15 TARN DRIVE |
| 3 Nov 2023 | £131,691 | £130,000 | 25 LYNDEN ROAD |
| 4 Aug 2023 | £138,341 | £137,500 | 40 JOAN AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Shopping Area |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Queen Street |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Queen Street |
| Apr 2024 | Other theft | Under investigation | On or near Queen Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Queen Street |