£300,532
This estimated value is based upon the latest sale price for the house of £234,000 on 11 Jul 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £234,000 | 11 Jul 2017 |
| £205,000 | 7 Aug 2009 |
| £175,000 | 23 Feb 2007 |
| Semi-Detached |
| 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 July 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 28.433%.Applying this 28.433% change to the original purchase price of £234,000 results in an estimated price of approximately £300,532.
| 11 Jul 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 149.7 | 28.433 % | £234,000 | £66,532 | £300,532 |
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 | 21.526 % | £50,369 | £284,369 |
| 3 Month Average | 14.807 % | £34,648 | £268,648 |
| 6 Month Average | 17.834 % | £41,731 | £275,731 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £157,419 | £155,000 | 15 OTTERBURN GARDENS |
| 24 Nov 2023 | £333,978 | £325,500 | 9 ALVERSTONE AVENUE |
| 23 Oct 2023 | £235,345 | £230,000 | 38 OTTERBURN GARDENS |
| 11 Sep 2023 | £243,365 | £238,000 | 54 COLERIDGE AVENUE |
| 26 Apr 2023 | £1,401,208 | £1,375,000 | BRACKENDENE HOUSE SOUTH BRACKENDENE DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Coleridge Avenue |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Alverstone Avenue |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Alverstone Avenue |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Alverstone Avenue |
| May 2024 | Violence and sexual offences | Under investigation | On or near Alverstone Avenue |