£247,824
This estimated value is based upon the latest sale price for the house of £110,000 on 25 Sep 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 |
|---|---|
| £110,000 | 25 Sep 2003 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 2003 the House Price Index for TYNE AND WEAR was 65.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 125.295%.Applying this 125.295% change to the original purchase price of £110,000 results in an estimated price of approximately £247,824.
| 25 Sep 2003 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 65.1 | 146.7 | 125.295 % | £110,000 | £137,824 | £247,824 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 89.129 % | £98,041 | £208,041 |
| 3 Month Average | 50.095 % | £55,104 | £165,104 |
| 6 Month Average | 88.881 % | £97,769 | £207,769 |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 1 Dec 2021.
The average size of a house on OAKTREE AVENUE is 104 sq meters (1,122 sq feet).
This house is the smallest in the street with a floor area of 71 sq meters (764 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Peartree Gardens |
| Jan 2024 | Vehicle crime | Under investigation | On or near St Aidan'S Road |
| Jan 2024 | Anti-social behaviour | On or near Firtree Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Firtree Avenue | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Firtree Avenue |