£106,686
This estimated value is based upon the latest sale price for the house of £67,500 on 16 Aug 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £67,500 | 16 Aug 2007 |
| 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 August 2007 the House Price Index for TYNE AND WEAR was 94.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.054%.Applying this 58.054% change to the original purchase price of £67,500 results in an estimated price of approximately £106,686.
| 16 Aug 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 149.7 | 58.054 % | £67,500 | £39,186 | £106,686 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 81.307 % | £54,882 | £122,382 |
| 3 Month Average | 18.664 % | £12,598 | £80,098 |
| 6 Month Average | 7.407 % | £4,999 | £72,499 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £75,000 | £75,000 | 23 HAZELWOOD AVENUE |
| 7 Dec 2023 | £138,197 | £133,950 | 48 MULBERRY AVENUE |
| 30 Nov 2023 | £143,646 | £140,000 | 15 MULBERRY AVENUE |
| 25 Aug 2023 | £122,204 | £120,000 | 72 ELMWOOD AVENUE |
| 14 Jun 2023 | £66,329 | £65,000 | 59 CHESTNUT CRESCENT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Beechwood Crescent |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Hazelwood Avenue |
| Oct 2024 | Drugs | Local resolution | On or near Ashwood Avenue |
| Aug 2024 | Other theft | Under investigation | On or near Ashwood Avenue |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Ashwood Avenue |