£299,014
This estimated value is based upon the latest sale price for the house of £236,500 on 18 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 |
|---|---|
| £236,500 | 18 Jan 2018 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 May 2024 is 149.7 which is a change of 26.433%.Applying this 26.433% change to the original purchase price of £236,500 results in an estimated price of approximately £299,014.
| 18 Jan 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 149.7 | 26.433 % | £236,500 | £62,514 | £299,014 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 28.063 % | £66,369 | £302,869 |
| 3 Month Average | 29.560 % | £69,908 | £306,408 |
| 6 Month Average | 26.662 % | £63,054 | £299,554 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £255,862 | £248,000 | 94 PAIGNTON AVENUE |
| 8 Nov 2023 | £389,897 | £380,000 | 3 TOWNSVILLE AVENUE |
| 11 Oct 2023 | £271,159 | £265,000 | 119 CAULDWELL LANE |
| 25 Jan 2023 | £526,407 | £525,000 | 93 CAULDWELL LANE |
| 1 Mar 2022 | £151,370 | £145,000 | 16 THE LEAS SEATONVILLE ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 13 Sep 2017. Using an estimated price of £299,014 means this house is valued at £3,181 per sq meter (£295 per sq foot).
The average size of a house on WEMBLEY AVENUE is 107 sq meters (1,152 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Wembley Avenue |
| Jul 2024 | Anti-social behaviour | On or near Paignton Avenue | |
| Jul 2024 | Anti-social behaviour | On or near Paignton Avenue | |
| Jul 2024 | Anti-social behaviour | On or near Paignton Avenue | |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Paignton Avenue |