£94,776
This estimated value is based upon the latest sale price for the house of £55,000 on 12 May 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 12 May 2006 |
| £37,000 | 9 Jul 2004 |
| £10,000 | 31 Oct 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 2006 the House Price Index for TYNE AND WEAR was 85.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 72.320%.Applying this 72.320% change to the original purchase price of £55,000 results in an estimated price of approximately £94,776.
| 12 May 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 146.7 | 72.320 % | £55,000 | £39,776 | £94,776 |
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 | 38.842 % | £21,362 | £76,362 |
| 3 Month Average | 22.637 % | £12,450 | £67,450 |
| 6 Month Average | 29.935 % | £16,464 | £71,464 |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 25 Nov 2013.
The average size of a house on CHESTNUT AVENUE is 68 sq meters (740 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Chestnut Avenue |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chestnut Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Avenue |
| Jan 2024 | Robbery | Under investigation | On or near Chestnut Avenue |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Greenhill View |