£124,066
This estimated value is based upon the latest sale price for the house of £92,500 on 26 Aug 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £92,500 | 26 Aug 2016 |
| £96,000 | 3 Nov 2008 |
| £45,000 | 10 Mar 2004 |
| £45,000 | 10 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £92,500 results in an estimated price of approximately £124,066.
| 26 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.126 % | £92,500 | £31,566 | £124,066 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 3.327 % | £3,077 | £95,577 |
| 3 Month Average | 30.952 % | £28,630 | £121,130 |
| 6 Month Average | 26.349 % | £24,372 | £116,872 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £87,214 | £85,000 | 90 CEDAR ROAD |
| 15 Sep 2023 | £143,156 | £140,000 | 133 GRANGE ROAD |
| 9 Jun 2023 | £114,290 | £112,000 | 39 ALDER AVENUE |
| 24 Apr 2023 | £137,573 | £135,000 | 85 LONNEN AVENUE |
| 23 Jan 2023 | £148,397 | £148,000 | 61 LONNEN AVENUE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 15 Jun 2015. Using an estimated price of £124,067 means this house is valued at £1,772 per sq meter (£164 per sq foot).
The average size of a house on LONNEN AVENUE is 78 sq meters (848 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lonnen Avenue |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Olive Place |
| May 2024 | Anti-social behaviour | On or near Olive Place | |
| May 2024 | Anti-social behaviour | On or near Olive Place | |
| May 2024 | Anti-social behaviour | On or near Olive Place |