£137,959
This estimated value is based upon the latest sale price for the house of £56,500 on 20 Jan 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £56,500 | 20 Jan 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 January 2003 the House Price Index for TYNE AND WEAR was 60.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 144.176%.Applying this 144.176% change to the original purchase price of £56,500 results in an estimated price of approximately £137,959.
| 20 Jan 2003 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.1 | 146.7 | 144.176 % | £56,500 | £81,459 | £137,959 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -8.047 % | £-4,546 | £51,953 |
| 3 Month Average | -6.060 % | £-3,423 | £53,076 |
| 6 Month Average | 46.349 % | £26,187 | £82,687 |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 27 Feb 2019.
The average size of a house on COVERDALE AVENUE is 102 sq meters (1,105 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near South Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near South Avenue |
| Dec 2023 | Public order | Under investigation | On or near South Avenue |