£197,899
This estimated value is based upon the latest sale price for the house of £82,000 on 25 Apr 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £82,000 | 25 Apr 2003 |
| £53,000 | 19 Mar 1999 |
| Semi-Detached |
| 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 April 2003 the House Price Index for TYNE AND WEAR was 62.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 141.341%.Applying this 141.341% change to the original purchase price of £82,000 results in an estimated price of approximately £197,899.
| 25 Apr 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 149.7 | 141.341 % | £82,000 | £115,899 | £197,899 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 116.224 % | £95,303 | £177,303 |
| 3 Month Average | 146.778 % | £120,357 | £202,357 |
| 6 Month Average | 121.910 % | £99,966 | £181,966 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Mar 2024 | £149,802 | £147,500 | 57 WESTERN AVENUE |
| 27 Oct 2023 | £153,486 | £150,000 | 38 THE ROMAN WAY |
| 23 Jun 2023 | £76,534 | £75,000 | 12 RAVENSHILL ROAD |
| 27 Mar 2023 | £223,736 | £220,000 | 1A THE BURNSIDE |
| 24 Aug 2022 | £183,357 | £182,500 | 38 WESTERN AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Garth |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near West Denton Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near West Denton Close |
| Apr 2024 | Burglary | Under investigation | On or near West Denton Close |