£130,573
This estimated value is based upon the latest sale price for the house of £42,950 on 1 Feb 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £42,950 | 1 Feb 2002 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 February 2002 the House Price Index for TYNE AND WEAR was 48.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 204.012%.Applying this 204.012% change to the original purchase price of £42,950 results in an estimated price of approximately £130,573.
| 1 Feb 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 48.3 | 146.7 | 204.012 % | £42,950 | £87,623 | £130,573 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 286.646 % | £123,114 | £166,064 |
| 3 Month Average | 219.754 % | £94,384 | £137,334 |
| 6 Month Average | 204.021 % | £87,627 | £130,577 |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 19 May 2014.
There is one other house on the street which we know the size of, this is 1 OLD WELL AVENUE it is 89.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Litchfield Lane | |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Branch Street |
| Jan 2024 | Criminal damage and arson | Offender given a caution | On or near Branch Street |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Branch Street |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Branch Street |