£250,543
This estimated value is based upon the latest sale price for the house of £228,000 on 26 Mar 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £228,000 | 26 Mar 2021 |
| £152,000 | 7 Nov 2002 |
| £66,210 | 15 Aug 1997 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 2021 the House Price Index for TYNE AND WEAR was 133.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 9.888%.Applying this 9.888% change to the original purchase price of £228,000 results in an estimated price of approximately £250,543.
| 26 Mar 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.5 | 146.7 | 9.888 % | £228,000 | £22,543 | £250,543 |
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 | -41.597 % | £-94,840 | £133,159 |
| 3 Month Average | -22.813 % | £-52,014 | £175,985 |
| 6 Month Average | -1.238 % | £-2,821 | £225,178 |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 27 Aug 2020.
The average size of a house on HOTSPUR AVENUE is 157 sq meters (1,697 sq feet).
This house is the smallest in the street with a floor area of 103 sq meters (1,108 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Petrol Station |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
| Feb 2024 | Other theft | Under investigation | On or near Petrol Station |
| Jan 2024 | Anti-social behaviour | On or near Petrol Station |