£96,208
This estimated value is based upon the latest sale price for the house of £74,000 on 1 Feb 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £74,000 | 1 Feb 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £74,000 results in an estimated price of approximately £96,208.
| 1 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £74,000 | £22,208 | £96,208 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | -11.785 % | £-8,720 | £65,279 |
| 3 Month Average | -8.559 % | £-6,333 | £67,666 |
| 6 Month Average | 9.271 % | £6,860 | £80,860 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Mar 2024 | £75,000 | £75,000 | 183 NEWCASTLE ROAD |
| 27 Nov 2023 | £96,428 | £95,000 | 11 JOHN REID ROAD |
| 17 Nov 2023 | £60,902 | £60,000 | 37 STIRLING AVENUE |
| 3 Apr 2023 | £149,611 | £148,000 | 21 LULWORTH AVENUE |
| 31 Mar 2023 | £112,813 | £111,750 | 269 NEWCASTLE ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 18 Jul 2016. Using an estimated price of £96,208 means this house is valued at £1,187 per sq meter (£110 per sq foot).
The average size of a house on LULWORTH AVENUE is 98 sq meters (1,058 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Dunstanburgh Court |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Dunstanburgh Court |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Supermarket |
| Mar 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |