£205,349
This estimated value is based upon the latest sale price for the house of £200,000 on 11 May 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £200,000 | 11 May 2022 |
| £155,000 | 29 Sep 2003 |
| £85,000 | 19 Oct 2000 |
| £54,500 | 20 Mar 1998 |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 May 2022 the House Price Index for TYNE AND WEAR was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £200,000 results in an estimated price of approximately £205,349.
| 11 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £200,000 | £5,349 | £205,349 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | -24.725 % | £-49,449 | £150,550 |
| 3 Month Average | 9.735 % | £19,470 | £219,470 |
| 6 Month Average | 12.189 % | £24,378 | £224,378 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Oct 2023 | £192,369 | £188,000 | 27 HAZELWOOD AVENUE |
| 26 Oct 2023 | £421,575 | £412,000 | 34 HAZELWOOD AVENUE |
| 20 Oct 2023 | £205,671 | £201,000 | 63 HAZELWOOD AVENUE |
| 14 Sep 2023 | £208,087 | £203,500 | 42 BAYSWATER ROAD |
| 31 Aug 2023 | £224,041 | £220,000 | 60 HAZELWOOD AVENUE |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 9 Mar 2018. Using an estimated price of £205,350 means this house is valued at £1,669 per sq meter (£155 per sq foot).
The average size of a house on HAZELWOOD AVENUE is 85 sq meters (920 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Tavistock Road |