£240,967
This estimated value is based upon the latest sale price for the house of £192,000 on 5 Jan 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £192,000 | 5 Jan 2018 |
| £190,000 | 7 Aug 2015 |
| £185,000 | 11 Aug 2005 |
| £77,000 | 13 Dec 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 January 2018 the House Price Index for TYNE AND WEAR was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £192,000 results in an estimated price of approximately £240,967.
| 5 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £192,000 | £48,967 | £240,967 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 9.699 % | £18,622 | £210,622 |
| 3 Month Average | 2.262 % | £4,343 | £196,343 |
| 6 Month Average | 14.690 % | £28,204 | £220,204 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £241,082 | £238,000 | 54 COLERIDGE AVENUE |
| 7 Jul 2023 | £273,633 | £269,950 | 47 OTTERBURN GARDENS |
| 15 Jul 2022 | £355,958 | £355,000 | 1 GAINSFORD AVENUE |
| 8 Jul 2022 | £128,847 | £128,500 | 1 JESSEL STREET |
| 27 May 2022 | £259,897 | £255,000 | 31 COLERIDGE AVENUE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 25 Mar 2015. Using an estimated price of £240,968 means this house is valued at £2,151 per sq meter (£199 per sq foot).
The average size of a house on COLERIDGE AVENUE is 104 sq meters (1,128 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Awaiting court outcome | On or near Coleridge Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Alverstone Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Alverstone Avenue |
| Feb 2024 | Other theft | Under investigation | On or near Alverstone Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Alverstone Avenue |