£539,826
This estimated value is based upon the latest sale price for the house of £300,000 on 31 Jul 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £300,000 | 31 Jul 2009 |
| £300,000 | 31 Jul 2009 |
| £87,000 | 7 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 169 sq meters or 1,823 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 July 2009 the House Price Index for TYNE AND WEAR was 81.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 79.942%.Applying this 79.942% change to the original purchase price of £300,000 results in an estimated price of approximately £539,826.
| 31 Jul 2009 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 146.7 | 79.942 % | £300,000 | £239,826 | £539,826 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 48.702 % | £146,104 | £446,104 |
| 3 Month Average | 26.509 % | £79,527 | £379,527 |
| 6 Month Average | 37.986 % | £113,957 | £413,957 |
This house has a floor area of 169 sq meters or 1,823 sq feet when measured on 21 Mar 2009.
The average size of a house on PRESTON AVENUE is 169 sq meters (1,824 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Belford Terrace |
| Jan 2024 | Public order | Offender given a caution | On or near Belford Terrace |
| Jan 2024 | Other theft | Under investigation | On or near Lindisfarne Terrace |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Trevor Terrace |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Trevor Terrace |