£108,539
This estimated value is based upon the latest sale price for the house of £94,000 on 3 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £94,000 | 3 Nov 2020 |
| £89,950 | 26 Jul 2006 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 15.467%.Applying this 15.467% change to the original purchase price of £94,000 results in an estimated price of approximately £108,539.
| 3 Nov 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.0 | 15.467 % | £94,000 | £14,539 | £108,539 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -18.335 % | £-17,234 | £76,765 |
| 3 Month Average | 3.800 % | £3,571 | £97,571 |
| 6 Month Average | 4.654 % | £4,375 | £98,375 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £96,235 | £95,000 | 30 AYCLIFFE CRESCENT |
| 30 Aug 2023 | £61,373 | £61,000 | 110 SPRINGWELL ROAD |
| 17 Aug 2023 | £161,985 | £161,000 | 87 SPRINGWELL ROAD |
| 2 Aug 2023 | £47,288 | £47,000 | 7 WINGATE GARDENS |
| 3 Jul 2023 | £80,764 | £80,000 | 131 SPRINGWELL ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 26 Feb 2020. Using an estimated price of £108,539 means this house is valued at £1,247 per sq meter (£115 per sq foot).
The average size of a house on AYCLIFFE AVENUE is 101 sq meters (1,088 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Medomsley Gardens |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lanchester Avenue |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lanchester Avenue |