£66,338
This estimated value is based upon the latest sale price for the house of £14,500 on 6 Nov 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Park Avenue
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Price Paid | Date |
---|---|
£14,500 | 6 Nov 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 72 sq meters or 775 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 November 1998 the House Price Index for TYNE AND WEAR was 32.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 357.505%.Applying this 357.505% change to the original purchase price of £14,500 results in an estimated price of approximately £66,338.
6 Nov 1998 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
32.1 | 146.7 | 357.505 % | £14,500 | £51,838 | £66,338 |
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 | 183.527 % | £26,611 | £41,111 |
3 Month Average | 285.313 % | £41,370 | £55,870 |
6 Month Average | 276.143 % | £40,040 | £54,540 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 7 Jan 2016.
The average size of a house on PARK AVENUE is 165 sq meters (1,776 sq feet).
This house is the smallest in the street with a floor area of 72 sq meters (775 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Park Avenue |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Park Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Park View |
Feb 2024 | Anti-social behaviour | On or near Park View | |
Feb 2024 | Anti-social behaviour | On or near Park View |