£118,639
This estimated value is based upon the latest sale price for the house of £116,500 on 18 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 |
---|---|
£116,500 | 18 Aug 2023 |
£104,000 | 8 Jul 2021 |
£99,995 | 3 Feb 2017 |
Flats/Maisonettes |
Leasehold |
Floor Area: 72 sq meters or 775 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 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £116,500 results in an estimated price of approximately £118,639.
18 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.0 | 149.7 | 1.837 % | £116,500 | £2,139 | £118,639 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 16.381 % | £19,083 | £135,583 |
3 Month Average | 17.083 % | £19,902 | £136,402 |
6 Month Average | 0.256 % | £298 | £116,798 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Apr 2024 | £121,051 | £120,000 | 73 REDWOOD AVENUE |
21 Nov 2023 | £107,735 | £105,000 | 47 SYCAMORE AVENUE |
18 Aug 2023 | £118,640 | £116,500 | 75 REDWOOD AVENUE |
27 Feb 2023 | £201,345 | £200,000 | 4 WISTERIA GARDENS |
22 Feb 2023 | £87,275 | £86,692 | 18 WISTERIA GARDENS |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 8 Dec 2016. Using an estimated price of £118,640 means this house is valued at £1,647 per sq meter (£153 per sq foot).
The average size of a house on REDWOOD AVENUE is 75 sq meters (810 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Public order | Awaiting court outcome | On or near Parking Area |
Jul 2024 | Anti-social behaviour | On or near Parking Area | |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Parking Area |
Jul 2024 | Anti-social behaviour | On or near Parking Area | |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |