£152,540
This estimated value is based upon the latest sale price for the house of £121,000 on 24 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £121,000 | 24 Nov 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £121,000 results in an estimated price of approximately £152,540.
| 24 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £121,000 | £31,540 | £152,540 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 24.555 % | £29,711 | £150,711 |
| 3 Month Average | -6.428 % | £-7,777 | £113,222 |
| 6 Month Average | 13.373 % | £16,181 | £137,181 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £243,607 | £240,000 | 305 BENTON ROAD |
| 30 Jun 2023 | £235,857 | £233,000 | 311 BENTON ROAD |
| 3 Mar 2023 | £151,427 | £150,000 | 16 FAIRWAYS AVENUE |
| 28 Feb 2023 | £180,978 | £181,100 | 36 CHARLTON COURT MANOR PARK |
| 28 Jul 2022 | £125,337 | £125,000 | 2 CARNOUSTIE CLOSE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 15 Feb 2017. Using an estimated price of £152,541 means this house is valued at £1,794 per sq meter (£166 per sq foot).
The average size of a house on FAIRWAYS AVENUE is 90 sq meters (969 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Fairmont Way | |
| Feb 2024 | Anti-social behaviour | On or near Fairmont Way | |
| Dec 2023 | Other crime | Under investigation | On or near Fairdale Avenue |
| Dec 2023 | Anti-social behaviour | On or near Carnoustie Close | |
| Dec 2023 | Anti-social behaviour | On or near Carnoustie Close |