£104,326
This estimated value is based upon the latest sale price for the house of £65,000 on 11 Dec 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,000 | 11 Dec 2013 |
| £82,000 | 27 Jun 2013 |
| £34,000 | 31 Aug 2004 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 2013 the House Price Index for TYNE AND WEAR was 92.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.502%.Applying this 60.502% change to the original purchase price of £65,000 results in an estimated price of approximately £104,326.
| 11 Dec 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 148.6 | 60.502 % | £65,000 | £39,326 | £104,326 |
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 | 33.162 % | £21,555 | £86,555 |
| 3 Month Average | 21.539 % | £14,000 | £79,000 |
| 6 Month Average | 21.896 % | £14,232 | £79,232 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £192,855 | £190,000 | 136 KENTON LANE |
| 1 Nov 2023 | £162,404 | £160,000 | 16 CREIGHTON AVENUE |
| 29 Sep 2023 | £106,360 | £105,000 | 57 MILLFIELD AVENUE |
| 25 Sep 2023 | £177,267 | £175,000 | 2 CREIGHTON AVENUE |
| 31 Jul 2023 | £154,327 | £152,250 | 20 ASHBROOKE STREET |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 9 May 2013. Using an estimated price of £104,326 means this house is valued at £1,272 per sq meter (£118 per sq foot).
The average size of a house on ORWELL GREEN is 117 sq meters (1,267 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Ashbrooke Street | |
| Feb 2024 | Anti-social behaviour | On or near Ashbrooke Street |