£298,231
This estimated value is based upon the latest sale price for the house of £91,950 on 25 Oct 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£91,950 | 25 Oct 2001 |
Terraced |
Freehold |
Floor Area: 155 sq meters or 1,668 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 October 2001 the House Price Index for TYNE AND WEAR was 45.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 224.341%.Applying this 224.341% change to the original purchase price of £91,950 results in an estimated price of approximately £298,231.
25 Oct 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
45.8 | 148.6 | 224.341 % | £91,950 | £206,281 | £298,231 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 269.019 % | £247,362 | £339,312 |
3 Month Average | 274.333 % | £252,249 | £344,199 |
6 Month Average | 290.403 % | £267,025 | £358,975 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £335,877 | £330,000 | 58 FENHAM HALL DRIVE |
1 Dec 2023 | £274,808 | £270,000 | 4 POWBURN GARDENS |
17 Nov 2023 | £293,343 | £289,000 | 20 SIMONBURN AVENUE |
29 Sep 2023 | £253,238 | £250,000 | 16 KINGSWAY |
23 Jun 2023 | £141,717 | £140,000 | 54A FENHAM HALL DRIVE |
This house has a floor area of 155 sq meters or 1,668 sq feet when measured on 10 Dec 2015. Using an estimated price of £298,232 means this house is valued at £1,924 per sq meter (£178 per sq foot).
The average size of a house on POWBURN GARDENS is 127 sq meters (1,372 sq feet).
This house is the largest in the street with a floor area of 155 sq meters (1,668 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Simonburn Avenue |
Feb 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Simonburn Avenue |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Powburn Gardens |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Kingsway |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Kingsway |