£134,909
This estimated value is based upon the latest sale price for the house of £110,000 on 26 Nov 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,000 | 26 Nov 2019 |
| £124,950 | 10 Dec 2007 |
| £83,000 | 24 Oct 2003 |
| £44,000 | 17 Feb 1999 |
| Semi-Detached |
| 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 November 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £110,000 results in an estimated price of approximately £134,909.
| 26 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £110,000 | £24,909 | £134,909 |
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 | -5.428 % | £-5,970 | £104,029 |
| 3 Month Average | -7.143 % | £-7,857 | £102,142 |
| 6 Month Average | 10.119 % | £11,130 | £121,130 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £139,949 | £137,500 | 20 NEVINSON AVENUE |
| 31 Jul 2023 | £91,228 | £90,000 | 118 RUBENS AVENUE |
| 17 Jul 2023 | £106,432 | £105,000 | 66 REYNOLDS AVENUE |
| 26 Jun 2023 | £146,773 | £144,995 | 110 REYNOLDS AVENUE |
| 24 Feb 2023 | £56,962 | £57,000 | 30 REYNOLDS AVENUE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 12 Oct 2016. Using an estimated price of £134,909 means this house is valued at £1,645 per sq meter (£152 per sq foot).
The average size of a house on ROMNEY AVENUE is 106 sq meters (1,144 sq feet).
This house is the largest in the street with a floor area of 82 sq meters (882 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Rubens Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Rubens Avenue | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rubens Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rubens Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rubens Avenue |