£239,904
This estimated value is based upon the latest sale price for the house of £151,500 on 21 Feb 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £151,500 | 21 Feb 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 128 sq meters or 1,377 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 2014 the House Price Index for TYNE AND WEAR was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £151,500 results in an estimated price of approximately £239,904.
| 21 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 148.6 | 58.353 % | £151,500 | £88,404 | £239,904 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 17.721 % | £26,846 | £178,346 |
| 3 Month Average | 29.020 % | £43,965 | £195,465 |
| 6 Month Average | 26.831 % | £40,648 | £192,148 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £68,000 | £68,000 | 13 OAKWOOD COURT WESTERN DRIVE |
| 30 Mar 2023 | £151,427 | £150,000 | 6 WESTERN DRIVE |
| 25 Nov 2022 | £232,188 | £235,000 | 13 VENTNOR AVENUE |
| 11 Nov 2022 | £158,085 | £160,000 | 2 PAIGNTON AVENUE |
| 24 Mar 2022 | £176,165 | £170,000 | 4 VENTNOR AVENUE |
This house has a floor area of 128 sq meters or 1,377 sq feet when measured on 30 Jul 2013. Using an estimated price of £239,904 means this house is valued at £1,874 per sq meter (£174 per sq foot).
The average size of a house on PAIGNTON AVENUE is 122 sq meters (1,318 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Paignton Avenue |
| Feb 2024 | Other crime | Under investigation | On or near Paignton Avenue |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Western Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Western Avenue |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Ilfracombe Avenue |