£221,097
This estimated value is based upon the latest sale price for the house of £131,000 on 13 Aug 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 |
|---|---|
| £131,000 | 13 Aug 2010 |
| £45,000 | 30 Sep 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 August 2010 the House Price Index for TYNE AND WEAR was 87.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 68.777%.Applying this 68.777% change to the original purchase price of £131,000 results in an estimated price of approximately £221,097.
| 13 Aug 2010 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.0 | 68.777 % | £131,000 | £90,097 | £221,097 |
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 | 177.098 % | £231,998 | £362,998 |
| 3 Month Average | 21.659 % | £28,373 | £159,373 |
| 6 Month Average | 26.647 % | £34,907 | £165,907 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £301,017 | £300,000 | 40 GOWLAND AVENUE |
| 20 Feb 2023 | £184,129 | £185,000 | 8 GOWLAND AVENUE |
| 12 Oct 2022 | £200,027 | £203,000 | 7 BEADLING GARDENS |
| 29 Apr 2022 | £235,897 | £230,000 | 18 MILVAIN AVENUE |
| 23 Nov 2021 | £285,444 | £265,000 | 39 MILVAIN AVENUE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 2 Mar 2010. Using an estimated price of £221,098 means this house is valued at £2,484 per sq meter (£230 per sq foot).
The average size of a house on MILVAIN AVENUE is 121 sq meters (1,309 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Milvain Avenue |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Beadling Gardens |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Kirton Avenue |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Kirton Avenue |
| Apr 2024 | Theft from the person | Under investigation | On or near Gowland Avenue |