£206,340
This estimated value is based upon the latest sale price for the house of £200,000 on 21 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £200,000 | 21 Dec 2023 |
| £89,500 | 19 Jul 2004 |
| Terraced |
| 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 December 2023 the House Price Index for TYNE AND WEAR was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £200,000 results in an estimated price of approximately £206,340.
| 21 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £200,000 | £6,340 | £206,340 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 47.416 % | £94,832 | £294,832 |
| 3 Month Average | 3.471 % | £6,942 | £206,942 |
| 6 Month Average | 8.438 % | £16,875 | £216,875 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £132,028 | £130,000 | 12 PALM AVENUE |
| 21 Dec 2023 | £206,340 | £200,000 | 45 QUARRY LANE |
| 21 Dec 2023 | £149,597 | £145,000 | 136 PRINCE EDWARD ROAD |
| 10 Nov 2023 | £123,125 | £120,000 | 46 PALM AVENUE |
| 22 Sep 2022 | £174,883 | £175,000 | 14 PINE AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Pine Avenue |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Pine Avenue |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Pine Avenue |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Pine Avenue |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Pine Avenue |