£401,398
This estimated value is based upon the latest sale price for the house of £228,000 on 11 Sep 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £228,000 | 11 Sep 2009 |
| Terraced |
| Freehold |
| Floor Area: 122 sq meters or 1,322 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 2009 the House Price Index for TYNE AND WEAR was 83.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 76.052%.Applying this 76.052% change to the original purchase price of £228,000 results in an estimated price of approximately £401,398.
| 11 Sep 2009 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.3 | 146.7 | 76.052 % | £228,000 | £173,398 | £401,398 |
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 | 13.654 % | £31,132 | £259,132 |
| 3 Month Average | 15.707 % | £35,812 | £263,812 |
| 6 Month Average | 21.478 % | £48,969 | £276,969 |
This house has a floor area of 122 sq meters or 1,322 sq feet when measured on 6 May 2009.
The average size of a house on ARDEN AVENUE is 128 sq meters (1,382 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Arden Avenue |
| Feb 2024 | Anti-social behaviour | On or near Gilwell Way | |
| Feb 2024 | Anti-social behaviour | On or near Gilwell Way | |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near South Bend |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Davenport Drive |