£239,260
This estimated value is based upon the latest sale price for the house of £165,000 on 24 Jul 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Simonburn Avenue
More crime details
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Price Paid | Date |
---|---|
£165,000 | 24 Jul 2015 |
£55,000 | 4 Aug 2000 |
Semi-Detached |
Freehold |
Floor Area: 99 sq meters or 1,065 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 July 2015 the House Price Index for TYNE AND WEAR was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £165,000 results in an estimated price of approximately £239,260.
24 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
103.2 | 149.7 | 45.006 % | £165,000 | £74,260 | £239,260 |
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 | 34.651 % | £57,174 | £222,174 |
3 Month Average | 33.893 % | £55,924 | £220,924 |
6 Month Average | 19.265 % | £31,787 | £196,787 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £340,462 | £330,000 | 58 FENHAM HALL DRIVE |
1 Dec 2023 | £278,560 | £270,000 | 4 POWBURN GARDENS |
17 Nov 2023 | £296,527 | £289,000 | 20 SIMONBURN AVENUE |
29 Sep 2023 | £255,635 | £250,000 | 16 KINGSWAY |
23 Jun 2023 | £142,863 | £140,000 | 54A FENHAM HALL DRIVE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 7 Apr 2015. Using an estimated price of £239,260 means this house is valued at £2,416 per sq meter (£224 per sq foot).
The average size of a house on POWBURN GARDENS is 127 sq meters (1,372 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Burglary | Under investigation | On or near Simonburn Avenue |
Jul 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Simonburn Avenue |
May 2024 | Anti-social behaviour | On or near Simonburn Avenue | |
May 2024 | Anti-social behaviour | On or near Simonburn Avenue | |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Simonburn Avenue |