£273,325
This estimated value is based upon the latest sale price for the house of £245,000 on 4 Aug 2021. 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 |
|---|---|
| £245,000 | 4 Aug 2021 |
| £107,500 | 21 Jun 2002 |
| Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 August 2021 the House Price Index for TYNE AND WEAR was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £245,000 results in an estimated price of approximately £273,325.
| 4 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £245,000 | £28,325 | £273,325 |
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 | -21.307 % | £-52,201 | £192,798 |
| 3 Month Average | -2.104 % | £-5,154 | £239,845 |
| 6 Month Average | 4.473 % | £10,959 | £255,959 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £88,815 | £87,500 | 12 SARGENT AVENUE |
| 8 Sep 2023 | £288,691 | £285,000 | 22 LOWRY VILLAS |
| 28 Jul 2023 | £141,905 | £139,995 | 33 RODIN AVENUE |
| 23 Jun 2023 | £136,655 | £135,000 | 1 RODIN AVENUE |
| 8 Jun 2022 | £111,577 | £110,000 | 42 RENOIR GARDENS |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 21 May 2021. Using an estimated price of £273,326 means this house is valued at £2,484 per sq meter (£230 per sq foot).
The average size of a house on LOWRY GARDENS is 157 sq meters (1,695 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cotman Gardens |
| Mar 2024 | Public order | Under investigation | On or near Cotman Gardens |
| Feb 2024 | Other crime | Under investigation | On or near Cotman Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Cotman Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Cotman Gardens |