£141,438
This estimated value is based upon the latest sale price for the house of £114,500 on 1 Feb 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £114,500 | 1 Feb 2019 |
| £49,950 | 6 Jun 2002 |
| £44,000 | 20 Aug 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 February 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £114,500 results in an estimated price of approximately £141,438.
| 1 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £114,500 | £26,938 | £141,438 |
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 | 20.879 % | £23,906 | £138,406 |
| 3 Month Average | 10.303 % | £11,796 | £126,296 |
| 6 Month Average | 10.197 % | £11,675 | £126,175 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £121,803 | £120,000 | 46 PALM AVENUE |
| 22 Sep 2023 | £121,554 | £120,000 | 97 GORSE AVENUE |
| 22 Sep 2022 | £173,598 | £175,000 | 14 PINE AVENUE |
| 25 Aug 2022 | £119,678 | £120,000 | 22 PINE AVENUE |
| 25 Mar 2022 | £173,056 | £167,000 | 150 PRINCE EDWARD ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 21 Sep 2018. Using an estimated price of £141,438 means this house is valued at £1,704 per sq meter (£158 per sq foot).
The average size of a house on PINE AVENUE is 95 sq meters (1,025 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Pine Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pine Avenue |
| Jan 2024 | Anti-social behaviour | On or near Pine Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Pine Avenue | |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Pine Avenue |