£81,724
This estimated value is based upon the latest sale price for the house of £55,000 on 12 Sep 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 12 Sep 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 631 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 September 2014 the House Price Index for TYNE AND WEAR was 98.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 48.589%.Applying this 48.589% change to the original purchase price of £55,000 results in an estimated price of approximately £81,724.
| 12 Sep 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 146.7 | 48.589 % | £55,000 | £26,724 | £81,724 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | -1.175 % | £-646 | £54,353 |
| 3 Month Average | 3.208 % | £1,764 | £56,764 |
| 6 Month Average | 18.238 % | £10,030 | £65,030 |
This house has a floor area of 58 sq meters or 631 sq feet when measured on 1 Jul 2010.
The average size of a house on PARK AVENUE is 64 sq meters (690 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Budle Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Budle Close |
| Mar 2024 | Anti-social behaviour | On or near Kirkley Close | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Kirkley Close |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Kirkley Close |