£275,860
This estimated value is based upon the latest sale price for the house of £174,100 on 20 Dec 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £174,100 | 20 Dec 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 December 2013 the House Price Index for TYNE AND WEAR was 92.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 58.450%.Applying this 58.450% change to the original purchase price of £174,100 results in an estimated price of approximately £275,860.
| 20 Dec 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 146.7 | 58.450 % | £174,100 | £101,760 | £275,860 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 33.162 % | £57,734 | £231,834 |
| 3 Month Average | 21.539 % | £37,498 | £211,598 |
| 6 Month Average | 21.896 % | £38,121 | £212,221 |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 17 Jul 2013.
The average size of a house on FARNE AVENUE is 92 sq meters (999 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Broomley Walk | |
| Mar 2024 | Anti-social behaviour | On or near Broomley Walk | |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Broomley Walk |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Broomley Walk |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Larchwood Avenue |