£198,956
This estimated value is based upon the latest sale price for the house of £60,000 on 24 Aug 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £60,000 | 24 Aug 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 127 sq meters or 1,367 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 August 2001 the House Price Index for TYNE AND WEAR was 44.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 231.594%.Applying this 231.594% change to the original purchase price of £60,000 results in an estimated price of approximately £198,956.
| 24 Aug 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.8 | 148.6 | 231.594 % | £60,000 | £138,956 | £198,956 |
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 | 248.148 % | £148,889 | £208,889 |
| 3 Month Average | 279.849 % | £167,909 | £227,909 |
| 6 Month Average | 295.460 % | £177,276 | £237,276 |
| 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 |
| 20 Aug 2021 | £136,105 | £122,000 | 26 MILVAIN AVENUE |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 25 Feb 2014. Using an estimated price of £198,956 means this house is valued at £1,566 per sq meter (£145 per sq foot).
The average size of a house on MILVAIN AVENUE is 121 sq meters (1,309 sq feet).
| 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 |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Gowland Avenue |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Gowland Avenue |