£215,971
This estimated value is based upon the latest sale price for the house of £125,000 on 15 Jan 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£125,000 | 15 Jan 2010 |
Terraced |
Freehold |
Floor Area: 109 sq meters or 1,173 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 2010 the House Price Index for TYNE AND WEAR was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.777%.Applying this 72.777% change to the original purchase price of £125,000 results in an estimated price of approximately £215,971.
15 Jan 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.6 | 149.7 | 72.777 % | £125,000 | £90,971 | £215,971 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 51.801 % | £64,751 | £189,751 |
3 Month Average | 43.715 % | £54,644 | £179,644 |
6 Month Average | 29.963 % | £37,453 | £162,453 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £182,809 | £180,000 | 86 WESTERN AVENUE |
29 Sep 2023 | £168,835 | £165,000 | 80 WESTERN AVENUE |
12 Aug 2022 | £190,893 | £190,000 | 90 THE ROMAN WAY |
19 Jul 2022 | £151,518 | £150,000 | 48 WESTERN AVENUE |
29 Jun 2022 | £224,805 | £220,000 | 127 WESTERN AVENUE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 21 Nov 2009. Using an estimated price of £215,972 means this house is valued at £1,981 per sq meter (£184 per sq foot).
The average size of a house on THE ROMAN WAY is 105 sq meters (1,136 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Roman Way |
Jul 2024 | Violence and sexual offences | Under investigation | On or near The Grove |
May 2024 | Other theft | Investigation complete; no suspect identified | On or near The Grove |
Apr 2024 | Anti-social behaviour | On or near The Grove | |
Apr 2024 | Anti-social behaviour | On or near The Grove |