£105,308
This estimated value is based upon the latest sale price for the house of £81,000 on 28 Feb 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 |
|---|---|
| £81,000 | 28 Feb 2017 |
| £110,000 | 11 Jul 2007 |
| £78,000 | 12 Dec 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 February 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £81,000 results in an estimated price of approximately £105,308.
| 28 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £81,000 | £24,308 | £105,308 |
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 | 17.087 % | £13,840 | £94,840 |
| 3 Month Average | 24.443 % | £19,799 | £100,799 |
| 6 Month Average | 35.886 % | £29,067 | £110,067 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £132,315 | £130,000 | 36 TITIAN AVENUE |
| 1 Dec 2023 | £109,923 | £108,000 | 57 TITIAN AVENUE |
| 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 |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 21 Dec 2016. Using an estimated price of £105,309 means this house is valued at £1,350 per sq meter (£125 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 |