£92,227
This estimated value is based upon the latest sale price for the house of £89,000 on 11 Mar 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £89,000 | 11 Mar 2022 |
| £26,400 | 22 Dec 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 83 sq meters or 893 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 March 2022 the House Price Index for TYNE AND WEAR was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £89,000 results in an estimated price of approximately £92,227.
| 11 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.6 | 3.626 % | £89,000 | £3,227 | £92,227 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | -19.158 % | £-17,050 | £71,949 |
| 3 Month Average | -24.099 % | £-21,448 | £67,551 |
| 6 Month Average | 2.394 % | £2,130 | £91,130 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £195,000 | £195,000 | 120 SUTHERLAND AVENUE |
| 8 Dec 2023 | £181,170 | £178,000 | 8 OLIVER AVENUE |
| 25 Apr 2023 | £195,101 | £193,000 | 138 SUTHERLAND AVENUE |
| 24 Feb 2023 | £109,926 | £110,000 | 68 SEVERUS ROAD |
| 22 Apr 2022 | £162,708 | £158,000 | 33 SEVERUS ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 14 Mar 2015. Using an estimated price of £92,227 means this house is valued at £1,111 per sq meter (£103 per sq foot).
The average size of a house on SEVERUS ROAD is 87 sq meters (938 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Severus Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Severus Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Severus Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hall Avenue |
| Mar 2024 | Anti-social behaviour | On or near Baldwin Avenue |