£158,398
This estimated value is based upon the latest sale price for the house of £93,000 on 22 Sep 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £93,000 | 22 Sep 2006 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 September 2006 the House Price Index for TYNE AND WEAR was 87.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.321%.Applying this 70.321% change to the original purchase price of £93,000 results in an estimated price of approximately £158,398.
| 22 Sep 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 148.6 | 70.321 % | £93,000 | £65,398 | £158,398 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 51.452 % | £47,850 | £140,850 |
| 3 Month Average | 11.036 % | £10,263 | £103,263 |
| 6 Month Average | 41.777 % | £38,852 | £131,852 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £131,684 | £130,000 | 21 ROWAN AVENUE |
| 30 Jun 2023 | £99,202 | £98,000 | 2 CEDAR TERRACE |
| 26 Jun 2023 | £111,349 | £110,000 | 27 PINEWOOD AVENUE |
| 24 Mar 2023 | £100,901 | £99,950 | 8 PINEWOOD AVENUE |
| 17 Feb 2023 | £107,927 | £108,000 | 10 HAZELWOOD GARDENS |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 4 Jul 2019. Using an estimated price of £158,399 means this house is valued at £1,759 per sq meter (£163 per sq foot).
The average size of a house on ROWAN AVENUE is 103 sq meters (1,110 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Firtree Avenue |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Firtree Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rowan Avenue |
| Jan 2024 | Burglary | Under investigation | On or near Rowan Avenue |
| Dec 2023 | Burglary | Awaiting court outcome | On or near Rowan Avenue |