£347,382
This estimated value is based upon the latest sale price for the house of £320,000 on 2 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been three burglaries within the last year on or near Laburnum Avenue
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| Price Paid | Date |
|---|---|
| £320,000 | 2 Sep 2021 |
| £290,000 | 11 Jan 2019 |
| £69,250 | 23 Aug 1996 |
| Detached |
| Freehold |
| Floor Area: 151 sq meters or 1,625 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £320,000 results in an estimated price of approximately £347,382.
| 2 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £320,000 | £27,382 | £347,382 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | -23.610 % | £-75,551 | £244,448 |
| 3 Month Average | 20.507 % | £65,623 | £385,623 |
| 6 Month Average | 15.382 % | £49,223 | £369,223 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jun 2024 | £250,000 | £250,000 | 38 ALDERWOOD |
| 19 Dec 2023 | £257,926 | £250,000 | 1 ALDERWOOD |
| 9 Oct 2023 | £67,534 | £66,000 | 18 CHESTNUT AVENUE |
| 23 Jun 2023 | £117,352 | £115,000 | 3 SYCAMORE AVENUE |
| 22 Mar 2023 | £185,600 | £182,500 | 33 ALDERWOOD |
This house has a floor area of 151 sq meters or 1,625 sq feet when measured on 3 Oct 2017. Using an estimated price of £347,382 means this house is valued at £2,300 per sq meter (£213 per sq foot).
The average size of a house on LARCHWOOD is 112 sq meters (1,206 sq feet).
This house is the largest in the street with a floor area of 151 sq meters (1,625 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Laburnum Avenue |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Laburnum Avenue |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Laburnum Avenue |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Laburnum Avenue |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Laburnum Avenue |