£709,585
This estimated value is based upon the latest sale price for the house of £391,495 on 24 Nov 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£391,495 | 24 Nov 2005 |
Detached |
Freehold |
Floor Area: 152 sq meters or 1,636 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 2005 the House Price Index for TYNE AND WEAR was 82.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 81.250%.Applying this 81.250% change to the original purchase price of £391,495 results in an estimated price of approximately £709,585.
24 Nov 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
82.0 | 148.6 | 81.250 % | £391,495 | £318,090 | £709,585 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 73.421 % | £287,438 | £678,933 |
3 Month Average | 45.653 % | £178,730 | £570,225 |
6 Month Average | 42.875 % | £167,854 | £559,349 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Mar 2024 | £390,000 | £390,000 | 1 NEWLANDS AVENUE |
31 Mar 2023 | £348,035 | £344,756 | 4 NEWLANDS AVENUE |
30 Jun 2022 | £628,887 | £620,000 | 5 BRIAR VALE |
18 Feb 2022 | £482,924 | £460,500 | 37 BRIAR VALE |
25 Oct 2021 | £243,425 | £220,000 | 45 BRIAR VALE |
This house has a floor area of 152 sq meters or 1,636 sq feet when measured on 25 Oct 2021. Using an estimated price of £709,585 means this house is valued at £4,668 per sq meter (£433 per sq foot).
The average size of a house on BRIAR VALE is 111 sq meters (1,195 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Violence and sexual offences | Under investigation | On or near Frankland Drive |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Chatsworth Gardens |
Mar 2024 | Other crime | Under investigation | On or near Cambo Avenue |
Feb 2024 | Other crime | Under investigation | On or near Grindon Close |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Grindon Close |