£108,890
This estimated value is based upon the latest sale price for the house of £89,000 on 11 Feb 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £89,000 | 11 Feb 2020 |
| £80,000 | 17 Jan 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £89,000 results in an estimated price of approximately £108,890.
| 11 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £89,000 | £19,890 | £108,890 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 28.091 % | £25,000 | £114,000 |
| 3 Month Average | 16.440 % | £14,632 | £103,632 |
| 6 Month Average | 10.033 % | £8,929 | £97,929 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £111,146 | £109,500 | 13 HEXHAM ROAD |
| 10 Aug 2023 | £141,236 | £140,000 | 32 BROADMAYNE AVENUE |
| 20 Jul 2023 | £146,978 | £145,000 | 26 BROADMAYNE AVENUE |
| 16 Jun 2023 | £217,636 | £215,000 | 23 BROADMAYNE AVENUE |
| 28 Nov 2022 | £224,283 | £227,000 | 2 BROADMAYNE AVENUE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 13 Mar 2015. Using an estimated price of £108,891 means this house is valued at £1,578 per sq meter (£146 per sq foot).
The average size of a house on HEXHAM ROAD is 79 sq meters (860 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hexham Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hexham Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Helmsdale Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Helmsdale Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Helmsdale Road |