£75,522
This estimated value is based upon the latest sale price for the house of £60,000 on 1 Feb 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £60,000 | 1 Feb 2018 |
| £71,000 | 1 Nov 2013 |
| £86,000 | 27 Oct 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 February 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.871%.Applying this 25.871% change to the original purchase price of £60,000 results in an estimated price of approximately £75,522.
| 1 Feb 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 149.7 | 25.871 % | £60,000 | £15,522 | £75,522 |
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 | 184.383 % | £110,630 | £170,630 |
| 3 Month Average | 13.120 % | £7,872 | £67,872 |
| 6 Month Average | 16.428 % | £9,856 | £69,856 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £198,043 | £195,000 | 120 SUTHERLAND AVENUE |
| 15 Dec 2023 | £144,438 | £140,000 | 69 SUTHERLAND AVENUE |
| 25 Apr 2023 | £196,679 | £193,000 | 138 SUTHERLAND AVENUE |
| 30 Jun 2022 | £81,747 | £80,000 | 82 SEVERUS ROAD |
| 30 Jun 2022 | £102,184 | £100,000 | 80 SEVERUS ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 27 Feb 2013. Using an estimated price of £75,523 means this house is valued at £1,006 per sq meter (£93 per sq foot).
The average size of a house on SEVERUS ROAD is 87 sq meters (938 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Severus Road |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Severus Road |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hall Avenue |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sutherland Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Sutherland Avenue |