£63,325
This estimated value is based upon the latest sale price for the house of £52,000 on 6 Dec 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £52,000 | 6 Dec 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 41 sq meters or 441 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 December 2018 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.781%.Applying this 21.781% change to the original purchase price of £52,000 results in an estimated price of approximately £63,325.
| 6 Dec 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 146.7 | 21.781 % | £52,000 | £11,325 | £63,325 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | -9.560 % | £-4,971 | £47,028 |
| 3 Month Average | 18.245 % | £9,487 | £61,487 |
| 6 Month Average | 24.617 % | £12,801 | £64,801 |
This house has a floor area of 41 sq meters or 441 sq feet when measured on 25 Sep 2018.
The average size of a house on PROSPECT AVENUE NORTH is 71 sq meters (767 sq feet).
This house is the smallest in the street with a floor area of 41 sq meters (441 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Prospect Avenue North |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Prospect Avenue North |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Prospect Avenue North |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Prospect Avenue North |
| Dec 2023 | Anti-social behaviour | On or near Prospect Avenue North |