£93,143
This estimated value is based upon the latest sale price for the house of £69,950 on 22 Jul 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £69,950 | 22 Jul 2016 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 July 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £69,950 results in an estimated price of approximately £93,143.
| 22 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £69,950 | £23,193 | £93,143 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -14.765 % | £-10,328 | £59,621 |
| 3 Month Average | 5.606 % | £3,921 | £73,871 |
| 6 Month Average | 10.568 % | £7,392 | £77,342 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £93,698 | £92,500 | 32 HEATON GARDENS |
| 7 Aug 2023 | £131,147 | £130,000 | 183 HEATON GARDENS |
| 10 Jun 2022 | £101,433 | £100,000 | 46 FROUDE AVENUE |
| 25 May 2022 | £80,517 | £79,000 | 105 FROUDE AVENUE |
| 29 Apr 2022 | £40,162 | £39,000 | 73 HEATON GARDENS |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 18 Apr 2016. Using an estimated price of £93,144 means this house is valued at £1,241 per sq meter (£115 per sq foot).
The average size of a house on HEATON GARDENS is 74 sq meters (799 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Benton Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Benton Road |
| Mar 2024 | Anti-social behaviour | On or near Benton Road | |
| Mar 2024 | Anti-social behaviour | On or near Benton Road | |
| Mar 2024 | Drugs | Awaiting court outcome | On or near Benton Road |