£326,699
This estimated value is based upon the latest sale price for the house of £245,000 on 7 Mar 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £245,000 | 7 Mar 2016 |
| £96,950 | 28 Mar 2002 |
| £94,000 | 20 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 114 sq meters or 1,227 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 March 2016 the House Price Index for TYNE AND WEAR was 110.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 33.347%.Applying this 33.347% change to the original purchase price of £245,000 results in an estimated price of approximately £326,699.
| 7 Mar 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 146.7 | 33.347 % | £245,000 | £81,699 | £326,699 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | -3.136 % | £-7,683 | £237,316 |
| 3 Month Average | -15.888 % | £-38,925 | £206,074 |
| 6 Month Average | 4.449 % | £10,901 | £255,901 |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 6 Nov 2019.
There is one other house on the street which we know the size of, this is 4 WEST JESMOND AVENUE it is 128.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near West Jesmond Avenue | |
| Feb 2024 | Anti-social behaviour | On or near West Jesmond Avenue | |
| Feb 2024 | Anti-social behaviour | On or near West Jesmond Avenue | |
| Feb 2024 | Anti-social behaviour | On or near West Jesmond Avenue | |
| Dec 2023 | Anti-social behaviour | On or near West Jesmond Avenue |