£138,560
This estimated value is based upon the latest sale price for the house of £120,000 on 30 Nov 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 |
|---|---|
| £120,000 | 30 Nov 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 15.467%.Applying this 15.467% change to the original purchase price of £120,000 results in an estimated price of approximately £138,560.
| 30 Nov 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.0 | 15.467 % | £120,000 | £18,560 | £138,560 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -14.996 % | £-17,995 | £102,004 |
| 3 Month Average | -6.377 % | £-7,652 | £112,347 |
| 6 Month Average | -2.766 % | £-3,318 | £116,681 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £83,066 | £82,000 | 8 SHELLEY AVENUE |
| 7 Aug 2023 | £115,704 | £115,000 | 24 BRADLEY AVENUE |
| 13 Jul 2023 | £85,812 | £85,000 | 9 BRADLEY AVENUE |
| 17 Feb 2023 | £101,022 | £101,500 | 411 PRINCE EDWARD ROAD |
| 1 Feb 2023 | £114,459 | £115,000 | 13 RUSSELL AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 23 Mar 2020. Using an estimated price of £138,561 means this house is valued at £1,574 per sq meter (£146 per sq foot).
The average size of a house on LARCH AVENUE is 112 sq meters (1,208 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Larch Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Larch Avenue |
| Feb 2024 | Other theft | Under investigation | On or near Larch Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Prince Edward Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Shilton Close |