£149,501
This estimated value is based upon the latest sale price for the house of £90,000 on 1 Jul 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 |
|---|---|
| £90,000 | 1 Jul 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 July 2013 the House Price Index for TYNE AND WEAR was 89.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.112%.Applying this 66.112% change to the original purchase price of £90,000 results in an estimated price of approximately £149,501.
| 1 Jul 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 148.6 | 66.112 % | £90,000 | £59,501 | £149,501 |
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 | -7.198 % | £-6,477 | £83,522 |
| 3 Month Average | 12.251 % | £11,026 | £101,026 |
| 6 Month Average | 18.535 % | £16,681 | £106,681 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £232,030 | £230,000 | 62 LYNWOOD WAY |
| 30 Jun 2023 | £197,391 | £195,000 | 58 LYNWOOD WAY |
| 18 Jan 2023 | £149,297 | £150,000 | 37 ROWAN DRIVE |
| 11 Mar 2022 | £202,071 | £195,000 | 12 ROWAN DRIVE |
| 25 Feb 2022 | £141,574 | £135,000 | 21 ROWAN DRIVE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 10 Aug 2012. Using an estimated price of £149,501 means this house is valued at £1,941 per sq meter (£180 per sq foot).
The average size of a house on ELM AVENUE is 158 sq meters (1,706 sq feet).
This house is the smallest in the street with a floor area of 77 sq meters (828 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Acacia Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Hawthorne Avenue |
| Feb 2024 | Vehicle crime | Awaiting court outcome | On or near Ryedale Way |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Maple Court |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Myrtle Grove |