£142,922
This estimated value is based upon the latest sale price for the house of £100,000 on 28 Aug 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 |
---|---|
£100,000 | 28 Aug 2015 |
Semi-Detached |
Leasehold |
Floor Area: 65 sq meters or 699 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 2015 the House Price Index for TYNE AND WEAR was 104.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 42.923%.Applying this 42.923% change to the original purchase price of £100,000 results in an estimated price of approximately £142,922.
28 Aug 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
104.0 | 148.6 | 42.923 % | £100,000 | £42,922 | £142,922 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 57.699 % | £57,698 | £157,698 |
3 Month Average | 4.414 % | £4,413 | £104,413 |
6 Month Average | 9.888 % | £9,887 | £109,887 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Jul 2023 | £197,660 | £195,000 | 1 CORRY COURT |
18 Jan 2023 | £184,133 | £185,000 | 15 NORWAY AVENUE |
24 May 2022 | £229,321 | £225,000 | 15 OATLANDS ROAD |
31 Mar 2022 | £202,071 | £195,000 | 11 NORWAY AVENUE |
17 Dec 2021 | £149,993 | £140,000 | 5 WINSTON CRESCENT |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 19 May 2016. Using an estimated price of £142,923 means this house is valued at £2,198 per sq meter (£204 per sq foot).
The average size of a house on WAVENDON CRESCENT is 92 sq meters (1,000 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Wavendon Crescent |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Place |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Place |
Jan 2024 | Drugs | Under investigation | On or near Melbourne Place |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Place |