£140,425
This estimated value is based upon the latest sale price for the house of £115,000 on 30 Aug 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 30 Aug 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 50 sq meters or 538 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 August 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.109%.Applying this 22.109% change to the original purchase price of £115,000 results in an estimated price of approximately £140,425.
| 30 Aug 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 146.7 | 22.109 % | £115,000 | £25,425 | £140,425 |
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 | -18.632 % | £-21,426 | £93,573 |
| 3 Month Average | 13.447 % | £15,464 | £130,464 |
| 6 Month Average | 16.906 % | £19,442 | £134,442 |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 12 Sep 2017.
The average size of a house on LAKE AVENUE is 88 sq meters (947 sq feet).
This house is the smallest in the street with a floor area of 50 sq meters (538 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Green Hill Walk | |
| Feb 2024 | Anti-social behaviour | On or near Green Hill Walk | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Green Hill Walk |
| Dec 2023 | Anti-social behaviour | On or near Green Hill Walk | |
| Dec 2023 | Anti-social behaviour | On or near Green Hill Walk |