£206,540
This estimated value is based upon the latest sale price for the house of £39,995 on 4 Apr 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £39,995 | 4 Apr 1997 |
| Terraced |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 April 1997 the House Price Index for TYNE AND WEAR was 28.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 416.416%.Applying this 416.416% change to the original purchase price of £39,995 results in an estimated price of approximately £206,540.
| 4 Apr 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 146.7 | 416.416 % | £39,995 | £166,545 | £206,540 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 178.402 % | £71,352 | £111,347 |
| 3 Month Average | 214.192 % | £85,666 | £125,661 |
| 6 Month Average | 253.699 % | £101,467 | £141,462 |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 7 May 2015.
The average size of a house on MORTIMER AVENUE is 74 sq meters (802 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Mortimer Avenue | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Mortimer Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Mortimer Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Ambergate Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ambergate Close |