£452,066
This estimated value is based upon the latest sale price for the house of £336,000 on 10 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £336,000 | 10 Jun 2016 |
| £325,000 | 6 Dec 2011 |
| £225,000 | 18 Apr 2011 |
| Terraced |
| Freehold |
| Floor Area: 163 sq meters or 1,755 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 June 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £336,000 results in an estimated price of approximately £452,066.
| 10 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £336,000 | £116,066 | £452,066 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 19.527 % | £65,609 | £401,609 |
| 3 Month Average | 35.175 % | £118,187 | £454,187 |
| 6 Month Average | 50.938 % | £171,151 | £507,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £131,139 | £130,000 | 72 BAMBOROUGH TERRACE |
| 19 Mar 2024 | £114,255 | £112,500 | 65 BAMBOROUGH TERRACE |
| 15 Mar 2024 | £121,872 | £120,000 | 27 BAMBOROUGH TERRACE |
| 20 Oct 2023 | £168,734 | £164,902 | 68 BAMBOROUGH TERRACE |
| 20 Oct 2023 | £168,734 | £164,902 | 66 BAMBOROUGH TERRACE |
This house has a floor area of 163 sq meters or 1,755 sq feet when measured on 17 Sep 2010. Using an estimated price of £452,066 means this house is valued at £2,771 per sq meter (£257 per sq foot).
The average size of a house on PRESTON AVENUE is 169 sq meters (1,824 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bamborough Terrace |
| Aug 2024 | Anti-social behaviour | On or near Trevor Terrace | |
| Aug 2024 | Anti-social behaviour | On or near Trevor Terrace | |
| Aug 2024 | Anti-social behaviour | On or near Trevor Terrace | |
| Aug 2024 | Anti-social behaviour | On or near Trevor Terrace |