£425,868
This estimated value is based upon the latest sale price for the house of £110,000 on 24 Mar 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 |
|---|---|
| £110,000 | 24 Mar 2000 |
| £36,000 | 5 Sep 1996 |
| Semi-Detached |
| Freehold |
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 March 2000 the House Price Index for TYNE AND WEAR was 38.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 287.153%.Applying this 287.153% change to the original purchase price of £110,000 results in an estimated price of approximately £425,868.
| 24 Mar 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 38.4 | 148.6 | 287.153 % | £110,000 | £315,868 | £425,868 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 223.913 % | £246,304 | £356,304 |
| 3 Month Average | 204.260 % | £224,686 | £334,686 |
| 6 Month Average | 228.800 % | £251,680 | £361,680 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £107,930 | £106,550 | 38 NORTH AVENUE |
| 19 Jul 2023 | £248,342 | £245,000 | 2 NORTH AVENUE |
| 24 Mar 2023 | £147,389 | £146,000 | 7 ROWEDGE WALK |
| 12 Sep 2022 | £158,718 | £160,000 | 5 ROWEDGE WALK |
| 12 Aug 2022 | £209,436 | £210,000 | 1 WOBURN WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near North Avenue |
| Mar 2024 | Shoplifting | Under investigation | On or near Lynden Gardens |
| Mar 2024 | Other crime | Under investigation | On or near Lynden Gardens |
| Mar 2024 | Shoplifting | Under investigation | On or near Lynden Gardens |
| Mar 2024 | Public order | Under investigation | On or near Lynden Gardens |