£121,059
This estimated value is based upon the latest sale price for the house of £120,000 on 25 Aug 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £120,000 | 25 Aug 2023 |
| £108,000 | 2 Sep 2016 |
| £105,995 | 12 Jun 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 August 2023 the House Price Index for TYNE AND WEAR was 147.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.883%.Applying this 0.883% change to the original purchase price of £120,000 results in an estimated price of approximately £121,059.
| 25 Aug 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.3 | 148.6 | 0.883 % | £120,000 | £1,059 | £121,059 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 20.929 % | £25,115 | £145,115 |
| 3 Month Average | -0.798 % | £-957 | £119,042 |
| 6 Month Average | -2.547 % | £-3,056 | £116,943 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £142,104 | £140,000 | 15 MULBERRY AVENUE |
| 25 Aug 2023 | £121,059 | £120,000 | 72 ELMWOOD AVENUE |
| 14 Jun 2023 | £65,797 | £65,000 | 59 CHESTNUT CRESCENT |
| 24 Feb 2023 | £118,420 | £118,500 | 17 MULBERRY AVENUE |
| 24 Feb 2023 | £119,919 | £120,000 | 30 YEWTREE AVENUE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 6 May 2014. Using an estimated price of £121,059 means this house is valued at £1,705 per sq meter (£158 per sq foot).
The average size of a house on ELMWOOD AVENUE is 87 sq meters (941 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Crescent |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Crescent |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Crescent |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chestnut Crescent |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chestnut Crescent |