£134,895
This estimated value is based upon the latest sale price for the house of £110,000 on 1 Oct 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £110,000 | 1 Oct 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 October 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £110,000 results in an estimated price of approximately £134,895.
| 1 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £110,000 | £24,895 | £134,895 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | -17.907 % | £-19,697 | £90,302 |
| 3 Month Average | 3.430 % | £3,773 | £113,773 |
| 6 Month Average | 20.725 % | £22,797 | £132,797 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £137,761 | £136,000 | 4 PENDOWER WAY |
| 18 Aug 2023 | £136,696 | £135,500 | 30 PENDOWER WAY |
| 1 Aug 2023 | £80,706 | £80,000 | 34 RUSHIE AVENUE |
| 14 Apr 2023 | £89,969 | £89,000 | 48 ADAIR AVENUE |
| 15 Feb 2023 | £95,436 | £95,500 | 60 BENWELL VILLAGE MEWS |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 25 Jun 2019. Using an estimated price of £134,896 means this house is valued at £1,335 per sq meter (£124 per sq foot).
The average size of a house on RUSHIE AVENUE is 137 sq meters (1,474 sq feet).
This house is the largest in the street with a floor area of 101 sq meters (1,087 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rushie Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pendower Way |