£364,373
This estimated value is based upon the latest sale price for the house of £137,000 on 6 Sep 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £137,000 | 6 Sep 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 112 sq meters or 1,205 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 2002 the House Price Index for TYNE AND WEAR was 55.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 165.966%.Applying this 165.966% change to the original purchase price of £137,000 results in an estimated price of approximately £364,373.
| 6 Sep 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 55.2 | 146.7 | 165.966 % | £137,000 | £227,373 | £364,373 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 35.251 % | £48,293 | £185,293 |
| 3 Month Average | 41.182 % | £56,419 | £193,419 |
| 6 Month Average | 80.373 % | £110,111 | £247,111 |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 29 Apr 2019.
The average size of a house on LAVENDER GARDENS is 94 sq meters (1,019 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Lavender Gardens | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lavender Gardens |