£393,141
This estimated value is based upon the latest sale price for the house of £299,069 on 1 Jul 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £299,069 | 1 Jul 2016 |
| £202,000 | 26 Nov 2010 |
| £138,000 | 12 Sep 2003 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,210 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 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.455%.Applying this 31.455% change to the original purchase price of £299,069 results in an estimated price of approximately £393,141.
| 1 Jul 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 146.7 | 31.455 % | £299,069 | £94,072 | £393,141 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 24.326 % | £72,751 | £371,820 |
| 3 Month Average | 7.543 % | £22,558 | £321,627 |
| 6 Month Average | 17.959 % | £53,710 | £352,779 |
This house has a floor area of 112 sq meters or 1,210 sq feet when measured on 28 Jul 2010.
The average size of a house on PARK AVENUE is 128 sq meters (1,385 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Park Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Park Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Park Avenue | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Washington Terrace |
| Feb 2024 | Anti-social behaviour | On or near Washington Terrace |