£212,372
This estimated value is based upon the latest sale price for the house of £160,000 on 18 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£160,000 | 18 Nov 2016 |
£125,000 | 9 Apr 2013 |
£65,000 | 12 May 1995 |
Terraced |
Freehold |
Floor Area: 100 sq meters or 1,076 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 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £160,000 results in an estimated price of approximately £212,372.
18 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.8 | 149.7 | 32.733 % | £160,000 | £52,372 | £212,372 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 23.515 % | £37,624 | £197,624 |
3 Month Average | 30.632 % | £49,011 | £209,011 |
6 Month Average | 9.945 % | £15,912 | £175,912 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £182,809 | £180,000 | 86 WESTERN AVENUE |
29 Sep 2023 | £168,835 | £165,000 | 80 WESTERN AVENUE |
12 Aug 2022 | £190,893 | £190,000 | 90 THE ROMAN WAY |
19 Jul 2022 | £151,518 | £150,000 | 48 WESTERN AVENUE |
29 Jun 2022 | £224,805 | £220,000 | 127 WESTERN AVENUE |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 29 Jul 2014. Using an estimated price of £212,373 means this house is valued at £2,123 per sq meter (£197 per sq foot).
The average size of a house on THE ROMAN WAY is 105 sq meters (1,136 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Roman Way |
Jul 2024 | Violence and sexual offences | Under investigation | On or near The Grove |
May 2024 | Other theft | Investigation complete; no suspect identified | On or near The Grove |
Apr 2024 | Anti-social behaviour | On or near The Grove | |
Apr 2024 | Anti-social behaviour | On or near The Grove |