£340,478
This estimated value is based upon the latest sale price for the house of £272,500 on 8 Feb 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £272,500 | 8 Feb 2018 |
| £220,000 | 24 Nov 2011 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,142 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 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £272,500 results in an estimated price of approximately £340,478.
| 8 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £272,500 | £67,978 | £340,478 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | -1.973 % | £-5,375 | £267,124 |
| 3 Month Average | 1.713 % | £4,667 | £277,167 |
| 6 Month Average | 13.233 % | £36,061 | £308,561 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £254,452 | £250,000 | 3 MARLBOROUGH APPROACH |
| 28 Nov 2023 | £238,531 | £235,000 | 12 CRANBROOK AVENUE |
| 14 Aug 2023 | £337,957 | £335,000 | 10 PARK AVENUE |
| 18 Jan 2023 | £348,359 | £350,000 | 27 KINGSWAY AVENUE |
| 9 Sep 2022 | £297,597 | £300,000 | 81 MARLBOROUGH AVENUE |
This house has a floor area of 106 sq meters or 1,142 sq feet when measured on 3 Aug 2011. Using an estimated price of £340,478 means this house is valued at £3,206 per sq meter (£297 per sq foot).
The average size of a house on KINGSWAY AVENUE is 117 sq meters (1,261 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Princes Avenue |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Princes Avenue |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Princes Avenue |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Princes Avenue |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Princes Avenue |