£174,691
This estimated value is based upon the latest sale price for the house of £48,000 on 14 Nov 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £48,000 | 14 Nov 2000 |
| £31,400 | 31 Mar 2000 |
| Semi-Detached |
| Freehold |
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 November 2000 the House Price Index for TYNE AND WEAR was 40.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 263.941%.Applying this 263.941% change to the original purchase price of £48,000 results in an estimated price of approximately £174,691.
| 14 Nov 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.8 | 148.6 | 263.941 % | £48,000 | £126,691 | £174,691 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 188.224 % | £90,347 | £138,347 |
| 3 Month Average | 182.839 % | £87,762 | £135,762 |
| 6 Month Average | 213.527 % | £102,493 | £150,493 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £180,000 | £180,000 | 86 WESTERN AVENUE |
| 22 Sep 2023 | £238,044 | £235,000 | 29 THE GROVE |
| 28 Jul 2023 | £136,842 | £135,000 | 56 WESTERN AVENUE |
| 12 Aug 2022 | £189,490 | £190,000 | 90 THE ROMAN WAY |
| 19 Jul 2022 | £150,405 | £150,000 | 48 WESTERN AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Grove |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Grove |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Grove |
| Dec 2023 | Robbery | Investigation complete; no suspect identified | On or near The Grove |
| Mar 2024 | Drugs | Under investigation | On or near Hill Head Drive |