£288,262
This estimated value is based upon the latest sale price for the house of £165,500 on 14 Jul 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 |
|---|---|
| £165,500 | 14 Jul 2006 |
| £135,000 | 24 Feb 2004 |
| £53,000 | 7 Dec 1998 |
| 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 July 2006 the House Price Index for TYNE AND WEAR was 85.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.177%.Applying this 74.177% change to the original purchase price of £165,500 results in an estimated price of approximately £288,262.
| 14 Jul 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.9 | 149.7 | 74.177 % | £165,500 | £122,762 | £288,262 |
The Postcode Pricing Model uses changes in average sales price within the NE16 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 | 140.978 % | £233,318 | £398,818 |
| 3 Month Average | 46.579 % | £77,087 | £242,587 |
| 6 Month Average | 45.849 % | £75,880 | £241,380 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jul 2024 | £237,000 | £237,000 | 41 ORCHARD ROAD |
| 7 Mar 2024 | £297,572 | £293,000 | 6 WINDERMERE GARDENS |
| 8 Dec 2023 | £285,266 | £276,500 | 24 GRASMERE ROAD |
| 13 Nov 2023 | £169,297 | £165,000 | 2 DOCKENDALE HALL DOCKENDALE LANE |
| 9 Nov 2023 | £154,933 | £151,000 | 15 DUCKPOOL LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Devon Avenue |
| Sep 2024 | Shoplifting | Under investigation | On or near Devon Avenue |
| Aug 2024 | Anti-social behaviour | On or near Devon Avenue | |
| Aug 2024 | Shoplifting | Under investigation | On or near Devon Avenue |
| Aug 2024 | Anti-social behaviour | On or near Devon Avenue |