£73,027
This estimated value is based upon the latest sale price for the house of £66,000 on 15 Oct 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Willowfield Avenue
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| Price Paid | Date |
|---|---|
| £66,000 | 15 Oct 2021 |
| £55,000 | 28 Mar 2003 |
| £35,000 | 8 Dec 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 October 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 10.648%.Applying this 10.648% change to the original purchase price of £66,000 results in an estimated price of approximately £73,027.
| 15 Oct 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.6 | 10.648 % | £66,000 | £7,027 | £73,027 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | -29.355 % | £-19,374 | £46,625 |
| 3 Month Average | -2.477 % | £-1,634 | £64,365 |
| 6 Month Average | -5.707 % | £-3,766 | £62,233 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £147,179 | £145,000 | 6 FALLOWFIELD AVENUE |
| 31 Mar 2023 | £126,189 | £125,000 | 11 BELLFIELD AVENUE |
| 31 Mar 2023 | £139,313 | £138,000 | 4 FALLOWFIELD AVENUE |
| 17 Mar 2023 | £128,713 | £127,500 | 28 WILLOWFIELD AVENUE |
| 7 Mar 2023 | £109,784 | £108,750 | 43 EDGEFIELD AVENUE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 4 Mar 2013. Using an estimated price of £73,028 means this house is valued at £1,237 per sq meter (£114 per sq foot).
The average size of a house on FALLOWFIELD AVENUE is 75 sq meters (807 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Investigation complete; no suspect identified | On or near Willowfield Avenue |
| Mar 2024 | Public order | Under investigation | On or near Willowfield Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Willowfield Avenue |
| Jan 2024 | Burglary | Under investigation | On or near Willowfield Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near The Meadows |