£335,494
This estimated value is based upon the latest sale price for the house of £275,000 on 19 Jun 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 |
|---|---|
| £275,000 | 19 Jun 2020 |
| £250,000 | 8 Feb 2006 |
| £85,000 | 17 Dec 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 190 sq meters or 2,045 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 June 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £275,000 results in an estimated price of approximately £335,494.
| 19 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 149.7 | 21.998 % | £275,000 | £60,494 | £335,494 |
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 | 142.405 % | £391,615 | £666,615 |
| 3 Month Average | 69.225 % | £190,368 | £465,368 |
| 6 Month Average | 30.813 % | £84,737 | £359,737 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £450,226 | £440,000 | 151 KING GEORGE ROAD |
| 16 Aug 2023 | £325,878 | £320,000 | 65 WEST AVENUE |
| 30 Jun 2023 | £295,930 | £290,000 | 27 NORTH AVENUE |
| 31 Mar 2023 | £246,110 | £242,000 | 53 WEST AVENUE |
| 22 Mar 2023 | £269,501 | £265,000 | 29 CENTRAL GARDENS |
This house has a floor area of 190 sq meters or 2,045 sq feet when measured on 17 Apr 2019. Using an estimated price of £335,494 means this house is valued at £1,765 per sq meter (£164 per sq foot).
The average size of a house on WEST AVENUE is 114 sq meters (1,234 sq feet).
This house is the largest in the street with a floor area of 190 sq meters (2,045 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near West Avenue |
| Sep 2024 | Anti-social behaviour | On or near Prince Of Wales Close | |
| Aug 2024 | Anti-social behaviour | On or near Prince Of Wales Close | |
| Aug 2024 | Drugs | Under investigation | On or near Prince Of Wales Close |
| Aug 2024 | Anti-social behaviour | On or near Prince Of Wales Close |