£117,341
This estimated value is based upon the latest sale price for the house of £117,500 on 12 Jul 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Ninth Avenue
More crime details
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| Price Paid | Date |
|---|---|
| £117,500 | 12 Jul 2022 |
| Flats/Maisonettes |
| Leasehold |
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 July 2022 the House Price Index for TYNE AND WEAR was 148.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.135%.Applying this -0.135% change to the original purchase price of £117,500 results in an estimated price of approximately £117,341.
| 12 Jul 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 148.0 | -0.135 % | £117,500 | £-158 | £117,341 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | -50.201 % | £-58,986 | £58,513 |
| 3 Month Average | -23.196 % | £-27,255 | £90,244 |
| 6 Month Average | 26.079 % | £30,642 | £148,142 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £580,992 | £570,000 | SEVCON LTD EIGHTH AVENUE |
| 10 Nov 2023 | £759,754 | £750,000 | VALLEY HOUSE SEVENTH AVENUE |
| 4 Aug 2023 | £213,297 | £212,000 | 7 LADYPARK |
| 30 Jun 2023 | £80,654 | £80,000 | UNIT 383A JEDBURGH COURT |
| 1 Jun 2023 | £887,193 | £880,000 | CENTURY RADIO MARQUIS COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Ninth Avenue |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Ninth Avenue |