£187,612
This estimated value is based upon the latest sale price for the house of £116,000 on 22 Mar 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £116,000 | 22 Mar 2007 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 March 2007 the House Price Index for TYNE AND WEAR was 91.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 61.735%.Applying this 61.735% change to the original purchase price of £116,000 results in an estimated price of approximately £187,612.
| 22 Mar 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.9 | 148.6 | 61.735 % | £116,000 | £71,612 | £187,612 |
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 | -7.367 % | £-8,545 | £107,454 |
| 3 Month Average | 18.383 % | £21,324 | £137,324 |
| 6 Month Average | 21.745 % | £25,224 | £141,224 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2023 | £182,456 | £180,000 | 10 THORNHOLME AVENUE |
| 24 Aug 2022 | £195,469 | £195,995 | 5 GREENSIDE |
| 15 Jul 2022 | £190,513 | £190,000 | 27 SEAHAM CLOSE |
| 31 Aug 2021 | £178,499 | £160,000 | 99 LUMLEY AVENUE |
| 27 Aug 2021 | £172,920 | £155,000 | 10 GREENSIDE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 27 Oct 2015. Using an estimated price of £187,612 means this house is valued at £2,260 per sq meter (£209 per sq foot).
The average size of a house on GREENSIDE is 103 sq meters (1,117 sq feet).
This house is the smallest in the street with a floor area of 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Lumley Avenue | |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Lumley Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Lumley Avenue |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Lumley Avenue |
| Feb 2024 | Other crime | Under investigation | On or near Thornholme Avenue |