£113,488
This estimated value is based upon the latest sale price for the house of £23,000 on 17 Oct 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £23,000 | 17 Oct 1997 |
| Terraced |
| 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 October 1997 the House Price Index for TYNE AND WEAR was 30.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 393.427%.Applying this 393.427% change to the original purchase price of £23,000 results in an estimated price of approximately £113,488.
| 17 Oct 1997 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 148.0 | 393.427 % | £23,000 | £90,488 | £113,488 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | 76.522 % | £17,600 | £40,600 |
| 3 Month Average | 109.379 % | £25,157 | £48,157 |
| 6 Month Average | 118.290 % | £27,206 | £50,206 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £49,323 | £48,390 | 40 THE AVENUE |
| 11 Aug 2023 | £79,483 | £79,000 | 10 STEPHENSON CLOSE |
| 30 Jun 2023 | £68,556 | £68,000 | 109 THE AVENUE |
| 26 Aug 2022 | £96,349 | £97,000 | 7 SUMMERSON STREET |
| 12 Aug 2022 | £79,463 | £80,000 | 8 URWIN STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near The Avenue | |
| Mar 2024 | Anti-social behaviour | On or near The Avenue | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Urwin Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Urwin Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Urwin Street |