£183,814
This estimated value is based upon the latest sale price for the house of £41,500 on 7 May 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£41,500 | 7 May 1999 |
£29,000 | 31 Jan 1997 |
Terraced |
Freehold |
Floor Area: 85 sq meters or 914 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 May 1999 the House Price Index for TYNE AND WEAR was 33.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 342.927%.Applying this 342.927% change to the original purchase price of £41,500 results in an estimated price of approximately £183,814.
7 May 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
33.5 | 148.6 | 342.927 % | £41,500 | £142,314 | £183,814 |
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 | 115.716 % | £48,022 | £89,522 |
3 Month Average | 166.412 % | £69,060 | £110,560 |
6 Month Average | 180.177 % | £74,773 | £116,273 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Sep 2023 | £188,409 | £186,000 | 39 BARBOUR AVENUE |
14 Aug 2023 | £151,324 | £150,000 | 24 HYLTON AVENUE |
2 Jun 2023 | £172,084 | £170,000 | 58 BARBOUR AVENUE |
6 Mar 2023 | £171,617 | £170,000 | 126 CENTENARY AVENUE |
5 Apr 2022 | £177,125 | £172,000 | 26 BARBOUR AVENUE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 10 Sep 2014. Using an estimated price of £183,815 means this house is valued at £2,162 per sq meter (£200 per sq foot).
The average size of a house on WITTON AVENUE is 117 sq meters (1,267 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Witton Avenue |
Jan 2024 | Public order | Under investigation | On or near Witton Avenue |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Witton Avenue |
Dec 2023 | Other theft | Under investigation | On or near Witton Avenue |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Hurworth Avenue |