£105,990
This estimated value is based upon the latest sale price for the house of £88,000 on 6 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,000 | 6 Mar 2020 |
| £87,000 | 20 Apr 2017 |
| £104,950 | 14 Sep 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 55 sq meters or 596 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 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £88,000 results in an estimated price of approximately £105,990.
| 6 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £88,000 | £17,990 | £105,990 |
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 | -8.607 % | £-7,574 | £80,425 |
| 3 Month Average | 1.642 % | £1,445 | £89,445 |
| 6 Month Average | 5.584 % | £4,914 | £92,914 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £167,137 | £165,000 | 8 BYWELL AVENUE |
| 31 Aug 2023 | £105,927 | £105,000 | 88 NORHAM AVENUE SOUTH |
| 25 Aug 2023 | £116,015 | £115,000 | 71 CHEVIOT ROAD |
| 16 Aug 2023 | £90,794 | £90,000 | 81 ST CUTHBERTS AVENUE |
| 17 Apr 2023 | £128,382 | £127,000 | 78 HORSLEY VALE |
This house has a floor area of 55 sq meters or 596 sq feet when measured on 19 Jul 2011. Using an estimated price of £105,990 means this house is valued at £1,913 per sq meter (£177 per sq foot).
The average size of a house on CHEVIOT ROAD is 85 sq meters (922 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Norham Avenue South |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Norham Avenue South |
| Mar 2024 | Burglary | Under investigation | On or near St Cuthbert'S Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near St Cuthbert'S Avenue |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near St Cuthbert'S Avenue |