£83,228
This estimated value is based upon the latest sale price for the house of £82,500 on 18 Aug 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£82,500 | 18 Aug 2023 |
£63,000 | 17 Dec 2010 |
Semi-Detached |
Freehold |
Floor Area: 66 sq meters or 710 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 2023 the House Price Index for TYNE AND WEAR was 147.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.883%.Applying this 0.883% change to the original purchase price of £82,500 results in an estimated price of approximately £83,228.
18 Aug 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.3 | 148.6 | 0.883 % | £82,500 | £728 | £83,228 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | -27.354 % | £-22,567 | £59,932 |
3 Month Average | -2.296 % | £-1,893 | £80,606 |
6 Month Average | -3.877 % | £-3,198 | £79,301 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £134,351 | £132,000 | 24 WILKINSON GARDENS |
24 Nov 2023 | £152,254 | £150,000 | 9 KIPLING AVENUE |
18 Aug 2023 | £83,228 | £82,500 | 60 SHAKESPEARE AVENUE |
31 Jul 2023 | £134,814 | £133,000 | 11 WEST STREET |
19 Jun 2023 | £156,901 | £155,000 | 25 RAILWAY STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 30 Mar 2016. Using an estimated price of £83,228 means this house is valued at £1,261 per sq meter (£117 per sq foot).
The average size of a house on SHAKESPEARE AVENUE is 79 sq meters (856 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Offender given a caution | On or near Tennyson Avenue |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tennyson Avenue |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Tennyson Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Shakespeare Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |