£83,450
This estimated value is based upon the latest sale price for the house of £63,000 on 7 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 |
|---|---|
| £63,000 | 7 Oct 2016 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £63,000 results in an estimated price of approximately £83,450.
| 7 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £63,000 | £20,450 | £83,450 |
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 | 47.182 % | £29,724 | £92,724 |
| 3 Month Average | 19.123 % | £12,047 | £75,047 |
| 6 Month Average | 17.685 % | £11,141 | £74,141 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £132,315 | £130,000 | 36 TITIAN AVENUE |
| 1 Dec 2023 | £109,923 | £108,000 | 57 TITIAN AVENUE |
| 1 Sep 2023 | £114,464 | £113,000 | 26 RAEBURN ROAD |
| 10 Feb 2023 | £97,934 | £98,000 | 137 GAINSBOROUGH AVENUE |
| 27 Jan 2023 | £133,372 | £134,000 | 81 REMBRANDT AVENUE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 2 Jan 2016. Using an estimated price of £83,450 means this house is valued at £1,017 per sq meter (£94 per sq foot).
The average size of a house on REMBRANDT AVENUE is 84 sq meters (910 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Raeburn Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Raeburn Road |
| Jan 2024 | Other crime | Under investigation | On or near Raeburn Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Copley Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Copley Avenue |