£120,910
This estimated value is based upon the latest sale price for the house of £84,000 on 27 Jul 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £84,000 | 27 Jul 2015 |
| £84,000 | 27 Jul 2015 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 July 2015 the House Price Index for TYNE AND WEAR was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £84,000 results in an estimated price of approximately £120,910.
| 27 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £84,000 | £36,910 | £120,910 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 65.602 % | £55,105 | £139,105 |
| 3 Month Average | 19.707 % | £16,554 | £100,554 |
| 6 Month Average | 19.163 % | £16,096 | £100,096 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Apr 2023 | £124,339 | £123,000 | 22 OBAN AVENUE |
| 8 Feb 2023 | £134,909 | £135,000 | 45 ELGIN AVENUE |
| 18 Jan 2023 | £109,484 | £110,000 | 4 OBAN AVENUE |
| 8 Jul 2022 | £138,372 | £138,000 | 42 WINDSOR DRIVE |
| 11 Feb 2022 | £78,652 | £75,000 | 61 WINDSOR DRIVE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 15 Jul 2014. Using an estimated price of £120,910 means this house is valued at £1,530 per sq meter (£142 per sq foot).
The average size of a house on OBAN AVENUE is 82 sq meters (884 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Oban Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Oban Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Oban Avenue | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Elgin Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Elgin Avenue |