£181,285
This estimated value is based upon the latest sale price for the house of £49,000 on 4 Aug 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 |
|---|---|
| £49,000 | 4 Aug 2000 |
| Flats/Maisonettes |
| Leasehold |
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 August 2000 the House Price Index for TYNE AND WEAR was 40.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 269.970%.Applying this 269.970% change to the original purchase price of £49,000 results in an estimated price of approximately £181,285.
| 4 Aug 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.2 | 148.6 | 269.970 % | £49,000 | £132,285 | £181,285 |
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 | 152.842 % | £74,892 | £123,892 |
| 3 Month Average | 155.880 % | £76,381 | £125,381 |
| 6 Month Average | 181.616 % | £88,991 | £137,991 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £63,104 | £62,000 | 36 ST MARYS AVENUE |
| 4 Sep 2023 | £359,598 | £355,000 | 6 GLENHURST GROVE |
| 4 Aug 2023 | £529,633 | £525,000 | 2 GLENHURST GROVE |
| 4 Jul 2023 | £334,502 | £330,000 | 27 MOOR LANE EAST |
| 18 Feb 2022 | £288,391 | £275,000 | 11 ST MARYS AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Petrol Station |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
| Feb 2024 | Other theft | Under investigation | On or near Petrol Station |
| Jan 2024 | Anti-social behaviour | On or near Petrol Station |