£129,485
This estimated value is based upon the latest sale price for the house of £37,500 on 18 May 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £37,500 | 18 May 2001 |
| 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 May 2001 the House Price Index for TYNE AND WEAR was 43.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 245.295%.Applying this 245.295% change to the original purchase price of £37,500 results in an estimated price of approximately £129,485.
| 18 May 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.4 | 149.7 | 245.295 % | £37,500 | £91,985 | £129,485 |
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 | 282.783 % | £106,043 | £143,543 |
| 3 Month Average | 247.162 % | £92,685 | £130,185 |
| 6 Month Average | 194.780 % | £73,042 | £110,542 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Apr 2024 | £121,051 | £120,000 | 73 REDWOOD AVENUE |
| 21 Nov 2023 | £107,735 | £105,000 | 47 SYCAMORE AVENUE |
| 18 Aug 2023 | £234,224 | £230,000 | 62 LYNWOOD WAY |
| 18 Aug 2023 | £118,640 | £116,500 | 75 REDWOOD AVENUE |
| 30 Jun 2023 | £198,988 | £195,000 | 58 LYNWOOD WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Hawthorne Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Myrtle Grove |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Myrtle Grove |
| Jul 2024 | Other theft | Under investigation | On or near Elm Grove |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Redwood Avenue |