£312,549
This estimated value is based upon the latest sale price for the house of £208,750 on 21 Nov 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £208,750 | 21 Nov 2014 |
| Terraced |
| 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 November 2014 the House Price Index for TYNE AND WEAR was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £208,750 results in an estimated price of approximately £312,549.
| 21 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £208,750 | £103,799 | £312,549 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 56.499 % | £117,940 | £326,690 |
| 3 Month Average | 30.876 % | £64,452 | £273,202 |
| 6 Month Average | 16.500 % | £34,444 | £243,194 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2023 | £263,367 | £260,000 | 12 BELMONT AVENUE |
| 22 Aug 2023 | £337,957 | £335,000 | 22 EARSDON ROAD |
| 1 Aug 2022 | £383,966 | £385,000 | 7 WESTFIELD AVENUE |
| 29 Jun 2022 | £349,945 | £345,000 | 52 EASTFIELD AVENUE |
| 13 Jun 2022 | £340,309 | £335,500 | 20 WESTFIELD AVENUE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 26 Jun 2014. Using an estimated price of £312,549 means this house is valued at £3,434 per sq meter (£319 per sq foot).
The average size of a house on EASTFIELD AVENUE is 117 sq meters (1,261 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Under investigation | On or near Westfield Avenue |
| Mar 2024 | Shoplifting | Under investigation | On or near Westfield Avenue |
| Mar 2024 | Public order | Under investigation | On or near Westfield Avenue |
| Mar 2024 | Shoplifting | Under investigation | On or near Westfield Avenue |
| Mar 2024 | Shoplifting | Awaiting court outcome | On or near Westfield Avenue |