£117,170
This estimated value is based upon the latest sale price for the house of £95,000 on 3 Jul 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 3 Jul 2019 |
| £82,000 | 10 Aug 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £95,000 results in an estimated price of approximately £117,170.
| 3 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £95,000 | £22,170 | £117,170 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 16.938 % | £16,091 | £111,091 |
| 3 Month Average | 7.982 % | £7,583 | £102,583 |
| 6 Month Average | 20.488 % | £19,463 | £114,463 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £155,995 | £154,000 | 39 SOUTHMEAD AVENUE |
| 24 Aug 2023 | £116,015 | £115,000 | 30 SOUTHMEAD AVENUE |
| 9 Mar 2023 | £141,332 | £140,000 | 26 BINSWOOD AVENUE |
| 26 Aug 2022 | £121,174 | £121,500 | 10 SOUTHMEAD AVENUE |
| 2 Aug 2022 | £122,420 | £122,750 | 46 BINSWOOD AVENUE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 16 Feb 2019. Using an estimated price of £117,171 means this house is valued at £1,346 per sq meter (£125 per sq foot).
The average size of a house on SOUTHMEAD AVENUE is 92 sq meters (991 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Fulwell Green | |
| Mar 2024 | Anti-social behaviour | On or near Fulwell Green | |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Fulwell Green |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fulwell Green |
| Dec 2023 | Anti-social behaviour | On or near Fulwell Green |