£209,286
This estimated value is based upon the latest sale price for the house of £118,500 on 14 Mar 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £118,500 | 14 Mar 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 March 2006 the House Price Index for TYNE AND WEAR was 84.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 76.613%.Applying this 76.613% change to the original purchase price of £118,500 results in an estimated price of approximately £209,286.
| 14 Mar 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.1 | 148.6 | 76.613 % | £118,500 | £90,786 | £209,286 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 35.121 % | £41,618 | £160,118 |
| 3 Month Average | 7.051 % | £8,355 | £126,855 |
| 6 Month Average | 29.504 % | £34,961 | £153,461 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £208,081 | £205,000 | 14 FAIRDALE AVENUE |
| 2 Nov 2023 | £208,081 | £205,000 | 96 FAIRWAYS AVENUE |
| 28 Jul 2023 | £194,619 | £192,000 | 29 FAIRDALE AVENUE |
| 28 Apr 2023 | £136,469 | £135,000 | 3 SPALDING CLOSE |
| 14 Apr 2023 | £197,122 | £195,000 | 3 FAIRBURN AVENUE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 27 Mar 2014. Using an estimated price of £209,286 means this house is valued at £2,299 per sq meter (£213 per sq foot).
The average size of a house on FAIRWAYS AVENUE is 90 sq meters (969 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fairhill Close |
| Feb 2024 | Anti-social behaviour | On or near Fairburn Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Fairburn Avenue | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Coach Lane |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Coach Lane |