£93,825
This estimated value is based upon the latest sale price for the house of £71,750 on 14 Oct 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £71,750 | 14 Oct 2016 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 October 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 30.767%.Applying this 30.767% change to the original purchase price of £71,750 results in an estimated price of approximately £93,825.
| 14 Oct 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 146.7 | 30.767 % | £71,750 | £22,075 | £93,825 |
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 | 40.019 % | £28,713 | £100,463 |
| 3 Month Average | 24.397 % | £17,504 | £89,254 |
| 6 Month Average | 18.497 % | £13,271 | £85,021 |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 5 Sep 2016.
The average size of a house on AUSTRALIA GROVE is 82 sq meters (889 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Perth Avenue | |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Perth Avenue |
| Feb 2024 | Anti-social behaviour | On or near Perth Avenue | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Perth Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Perth Avenue |