£166,355
This estimated value is based upon the latest sale price for the house of £42,950 on 21 Feb 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£42,950 | 21 Feb 2000 |
£24,000 | 9 Feb 1996 |
Terraced |
Freehold |
Floor Area: 92 sq meters or 990 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 February 2000 the House Price Index for TYNE AND WEAR was 37.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 287.324%.Applying this 287.324% change to the original purchase price of £42,950 results in an estimated price of approximately £166,355.
21 Feb 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
37.9 | 146.7 | 287.324 % | £42,950 | £123,405 | £166,355 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 145.626 % | £62,546 | £105,496 |
3 Month Average | 243.063 % | £104,395 | £147,345 |
6 Month Average | 230.605 % | £99,044 | £141,994 |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 24 Apr 2014.
The average size of a house on RIDLEY AVENUE is 87 sq meters (936 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Lonsdale Gardens |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lonsdale Gardens |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Lonsdale Gardens |
Jan 2024 | Other theft | Under investigation | On or near Monmouth Gardens |
Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Kendal Gardens |