£167,392
This estimated value is based upon the latest sale price for the house of £133,000 on 7 Jul 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £133,000 | 7 Jul 2017 |
| £119,000 | 29 Jun 2011 |
| £130,000 | 28 Apr 2006 |
| £90,500 | 12 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 July 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.859%.Applying this 25.859% change to the original purchase price of £133,000 results in an estimated price of approximately £167,392.
| 7 Jul 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 146.7 | 25.859 % | £133,000 | £34,392 | £167,392 |
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 | 45.107 % | £59,992 | £192,992 |
| 3 Month Average | -0.865 % | £-1,150 | £131,849 |
| 6 Month Average | 22.763 % | £30,274 | £163,274 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 2 Sep 2020.
The average size of a house on FOSSWAY is 85 sq meters (921 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near A187 | |
| Mar 2024 | Burglary | Under investigation | On or near Palmerston Avenue |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Palmerston Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Palmerston Avenue |
| Jan 2024 | Vehicle crime | Under investigation | On or near Palmerston Avenue |