£112,029
This estimated value is based upon the latest sale price for the house of £65,000 on 25 Nov 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,000 | 25 Nov 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 November 2011 the House Price Index for TYNE AND WEAR was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.352%.Applying this 72.352% change to the original purchase price of £65,000 results in an estimated price of approximately £112,029.
| 25 Nov 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.352 % | £65,000 | £47,029 | £112,029 |
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 | 27.667 % | £17,983 | £82,983 |
| 3 Month Average | 29.092 % | £18,909 | £83,909 |
| 6 Month Average | 35.506 % | £23,078 | £88,078 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2023 | £98,561 | £97,500 | 20 MILLWAY |
| 27 Jan 2023 | £144,320 | £145,000 | 68 THE AVENUE |
| 3 Aug 2022 | £109,705 | £110,000 | 26 MILLWAY |
| 4 Jul 2022 | £123,833 | £123,500 | 24 MILLWAY |
| 18 Feb 2022 | £138,952 | £132,500 | 170 CARR HILL ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 17 Nov 2021. Using an estimated price of £112,029 means this house is valued at £1,513 per sq meter (£140 per sq foot).
The average size of a house on BROADWAY is 89 sq meters (961 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near The Avenue |