£114,485
This estimated value is based upon the latest sale price for the house of £20,000 on 8 Dec 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £20,000 | 8 Dec 1995 |
| 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 1995 the House Price Index for TYNE AND WEAR was 26.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 472.429%.Applying this 472.429% change to the original purchase price of £20,000 results in an estimated price of approximately £114,485.
| 8 Dec 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.2 | 149.7 | 472.429 % | £20,000 | £94,485 | £114,485 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | 93.238 % | £18,647 | £38,647 |
| 3 Month Average | 173.908 % | £34,781 | £54,781 |
| 6 Month Average | 167.725 % | £33,545 | £53,545 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £35,000 | £35,000 | 39 THE AVENUE |
| 15 Dec 2023 | £49,924 | £48,390 | 40 THE AVENUE |
| 26 Oct 2023 | £71,627 | £70,000 | 9 SUMMERSON STREET |
| 11 Aug 2023 | £80,451 | £79,000 | 10 STEPHENSON CLOSE |
| 30 Jun 2023 | £69,391 | £68,000 | 109 THE AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Urwin Street |
| May 2024 | Anti-social behaviour | On or near Urwin Street | |
| May 2024 | Anti-social behaviour | On or near Urwin Street | |
| May 2024 | Public order | Investigation complete; no suspect identified | On or near Urwin Street |
| May 2024 | Anti-social behaviour | On or near Urwin Street |