£164,563
This estimated value is based upon the latest sale price for the house of £125,500 on 15 Dec 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £125,500 | 15 Dec 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 December 2016 the House Price Index for TYNE AND WEAR was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £125,500 results in an estimated price of approximately £164,563.
| 15 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £125,500 | £39,063 | £164,563 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 54.702 % | £68,650 | £194,150 |
| 3 Month Average | 20.787 % | £26,087 | £151,587 |
| 6 Month Average | 20.550 % | £25,790 | £151,290 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £224,875 | £222,000 | 9 DANBY CLOSE |
| 31 Jul 2023 | £126,705 | £125,000 | 42 ORR AVENUE |
| 10 Jul 2023 | £104,405 | £103,000 | 10 ORR AVENUE |
| 30 Jun 2023 | £131,594 | £130,000 | 7 DAVISON AVENUE |
| 10 Mar 2023 | £125,129 | £123,950 | 17 PARK AVENUE |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 9 Aug 2016. Using an estimated price of £164,564 means this house is valued at £1,696 per sq meter (£157 per sq foot).
The average size of a house on ORR AVENUE is 99 sq meters (1,068 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Shoreswood Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Davison Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fairways |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fairways |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fairways |