£463,826
This estimated value is based upon the latest sale price for the house of £300,000 on 16 May 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £300,000 | 16 May 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 184 sq meters or 1,981 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 May 2014 the House Price Index for TYNE AND WEAR was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £300,000 results in an estimated price of approximately £463,826.
| 16 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £300,000 | £163,826 | £463,826 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -51.024 % | £-153,070 | £146,929 |
| 3 Month Average | 7.317 % | £21,951 | £321,951 |
| 6 Month Average | 7.315 % | £21,945 | £321,945 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £268,432 | £265,000 | 22 SHOTLEY AVENUE |
| 7 Sep 2023 | £222,799 | £219,950 | 24 BROOMSHIELDS CLOSE |
| 16 Jun 2023 | £232,770 | £229,950 | 6 BROOMSHIELDS CLOSE |
| 28 Feb 2022 | £249,065 | £237,500 | 22 BROOMSHIELDS AVENUE |
| 25 Feb 2022 | £199,252 | £190,000 | 26 BROOMSHIELDS AVENUE |
This house has a floor area of 184 sq meters or 1,981 sq feet when measured on 25 Oct 2011. Using an estimated price of £463,827 means this house is valued at £2,519 per sq meter (£234 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Burnhope Drive | |
| Jan 2024 | Anti-social behaviour | On or near Burnhope Drive | |
| Jan 2024 | Anti-social behaviour | On or near Burnhope Drive | |
| Jan 2024 | Anti-social behaviour | On or near Burnhope Drive | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Shotley Avenue |