£85,035
This estimated value is based upon the latest sale price for the house of £68,500 on 30 Nov 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 |
|---|---|
| £68,500 | 30 Nov 2018 |
| £60,000 | 9 Jul 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 69 sq meters or 745 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 November 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.139%.Applying this 24.139% change to the original purchase price of £68,500 results in an estimated price of approximately £85,035.
| 30 Nov 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.139 % | £68,500 | £16,535 | £85,035 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | 45.719 % | £31,317 | £99,817 |
| 3 Month Average | 21.042 % | £14,413 | £82,913 |
| 6 Month Average | 2.119 % | £1,451 | £69,951 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £194,416 | £190,000 | 8 MOUNT GROVE |
| 9 Nov 2022 | £263,767 | £265,000 | 84 MOUNTSIDE GARDENS |
| 4 Nov 2022 | £238,883 | £240,000 | 6 KING GEORGE AVENUE |
| 27 Oct 2022 | £102,159 | £102,500 | 52 OAK AVENUE |
| 31 Aug 2022 | £136,840 | £136,200 | 2A OAK AVENUE |
This house has a floor area of 69 sq meters or 745 sq feet when measured on 27 Jan 2010. Using an estimated price of £85,035 means this house is valued at £1,227 per sq meter (£113 per sq foot).
The average size of a house on OAK AVENUE is 72 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Under investigation | On or near Poplar Crescent |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mount Grove |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mount Grove |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mount Grove |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Oak Avenue |