£115,270
This estimated value is based upon the latest sale price for the house of £80,000 on 20 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 20 May 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 62 sq meters or 667 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 May 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 44.088%.Applying this 44.088% change to the original purchase price of £80,000 results in an estimated price of approximately £115,270.
| 20 May 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 146.7 | 44.088 % | £80,000 | £35,270 | £115,270 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 23.383 % | £18,706 | £98,706 |
| 3 Month Average | -1.000 % | £-800 | £79,199 |
| 6 Month Average | -6.154 % | £-4,923 | £75,076 |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 9 Apr 2015.
The average size of a house on FALKLAND AVENUE is 98 sq meters (1,060 sq feet).
This house is the smallest in the street with a floor area of 62 sq meters (667 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Wordsworth Avenue |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wordsworth Avenue |
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Wordsworth Avenue |
| Jan 2024 | Other crime | Investigation complete; no suspect identified | On or near Wordsworth Avenue |
| Jan 2024 | Public order | Under investigation | On or near Wordsworth Avenue |