£157,165
This estimated value is based upon the latest sale price for the house of £124,000 on 29 Sep 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £124,000 | 29 Sep 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 56 sq meters or 606 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 September 2017 the House Price Index for TYNE AND WEAR was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £124,000 results in an estimated price of approximately £157,165.
| 29 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £124,000 | £33,165 | £157,165 |
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 | 40.760 % | £50,542 | £174,542 |
| 3 Month Average | 18.830 % | £23,349 | £147,349 |
| 6 Month Average | 23.131 % | £28,682 | £152,682 |
| 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 |
| 4 Aug 2023 | £129,130 | £128,000 | 8 TITIAN AVENUE |
| 10 Feb 2023 | £129,913 | £130,000 | 47 MILLAIS GARDENS |
| 19 Aug 2022 | £125,662 | £126,000 | 14 TITIAN AVENUE |
This house has a floor area of 56 sq meters or 606 sq feet when measured on 1 Nov 2011. Using an estimated price of £157,166 means this house is valued at £2,787 per sq meter (£258 per sq foot).
The average size of a house on MILLAIS GARDENS is 86 sq meters (931 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Millais Gardens |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Millais Gardens |
| Feb 2024 | Anti-social behaviour | On or near Millais Gardens | |
| Feb 2024 | Anti-social behaviour | On or near Millais Gardens | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Millais Gardens |