£206,028
This estimated value is based upon the latest sale price for the house of £86,000 on 11 Apr 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 |
|---|---|
| £86,000 | 11 Apr 2003 |
| Semi-Detached |
| Freehold |
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 April 2003 the House Price Index for TYNE AND WEAR was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £86,000 results in an estimated price of approximately £206,028.
| 11 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 148.6 | 139.568 % | £86,000 | £120,028 | £206,028 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 84.531 % | £72,696 | £158,696 |
| 3 Month Average | 109.470 % | £94,143 | £180,143 |
| 6 Month Average | 127.327 % | £109,501 | £195,501 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Mar 2024 | £147,500 | £147,500 | 57 WESTERN AVENUE |
| 30 Jun 2023 | £161,911 | £159,950 | 3 MIDDLEGATE |
| 23 Jun 2023 | £75,920 | £75,000 | 12 RAVENSHILL ROAD |
| 19 Oct 2022 | £168,436 | £170,250 | 30 THE FELLWAY |
| 24 Aug 2022 | £182,010 | £182,500 | 38 WESTERN AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Middle Gate |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Middle Gate |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Western Avenue |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Western Avenue |
| Mar 2024 | Anti-social behaviour | On or near Western Avenue |