£325,015
This estimated value is based upon the latest sale price for the house of £159,000 on 15 Apr 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £159,000 | 15 Apr 2004 |
| Semi-Detached |
| Freehold |
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 2004 the House Price Index for TYNE AND WEAR was 72.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 104.412%.Applying this 104.412% change to the original purchase price of £159,000 results in an estimated price of approximately £325,015.
| 15 Apr 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 72.7 | 148.6 | 104.412 % | £159,000 | £166,015 | £325,015 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 61.864 % | £98,362 | £257,362 |
| 3 Month Average | 81.067 % | £128,896 | £287,896 |
| 6 Month Average | 87.889 % | £139,743 | £298,743 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Feb 2023 | £184,876 | £185,000 | 8 GOWLAND AVENUE |
| 12 Oct 2022 | £200,838 | £203,000 | 7 BEADLING GARDENS |
| 29 Apr 2022 | £236,854 | £230,000 | 18 MILVAIN AVENUE |
| 23 Nov 2021 | £286,601 | £265,000 | 39 MILVAIN AVENUE |
| 13 Oct 2021 | £182,569 | £165,000 | 20 KIRTON AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Milvain Avenue |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Milvain Avenue |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Beadling Gardens |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Kirton Avenue |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Kirton Avenue |