£97,574
This estimated value is based upon the latest sale price for the house of £42,000 on 25 Jul 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £42,000 | 25 Jul 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 63 sq meters or 678 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 July 2003 the House Price Index for TYNE AND WEAR was 64.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 132.320%.Applying this 132.320% change to the original purchase price of £42,000 results in an estimated price of approximately £97,574.
| 25 Jul 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 148.6 | 132.320 % | £42,000 | £55,574 | £97,574 |
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 | 51.650 % | £21,693 | £63,693 |
| 3 Month Average | 91.381 % | £38,379 | £80,379 |
| 6 Month Average | 110.560 % | £46,435 | £88,435 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £232,030 | £230,000 | 30 BEACONSIDE |
| 12 Jul 2023 | £233,138 | £230,000 | 26 BEACONSIDE |
| 31 Mar 2023 | £343,234 | £340,000 | 80 BEACONSIDE |
| 31 Mar 2023 | £247,330 | £245,000 | 96 BEACONSIDE |
| 3 Feb 2023 | £249,832 | £250,000 | 44 BEACONSIDE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 6 Aug 2019. Using an estimated price of £97,575 means this house is valued at £1,548 per sq meter (£143 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Forber Avenue | |
| Feb 2024 | Possession of weapons | Under investigation | On or near Forber Avenue |
| Feb 2024 | Anti-social behaviour | On or near Forber Avenue | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Forber Avenue |