£2,823,114
This estimated value is based upon the latest sale price for the house of £2,825,000 on 16 Sep 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £2,825,000 | 16 Sep 2022 |
| Leasehold |
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 September 2022 the House Price Index for TYNE AND WEAR was 149.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £2,825,000 results in an estimated price of approximately £2,823,114.
| 16 Sep 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 149.7 | -0.067 % | £2,825,000 | £-1,885 | £2,823,114 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | -39.461 % | £-1,114,759 | £1,710,240 |
| 3 Month Average | 5.774 % | £163,118 | £2,988,118 |
| 6 Month Average | 0.156 % | £4,406 | £2,829,406 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £77,378 | £75,000 | UNIT G BLOCK 321 MAYORAL WAY |
| 1 Dec 2023 | £588,070 | £570,000 | SEVCON LTD EIGHTH AVENUE |
| 10 Nov 2023 | £769,534 | £750,000 | VALLEY HOUSE SEVENTH AVENUE |
| 31 Oct 2023 | £414,412 | £405,000 | SOVEREIGN HOUSE FIFTH AVENUE |
| 27 Sep 2023 | £562,398 | £550,000 | DERWENT HOUSE LAKESIDE COURT FIFTH AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Carlton Court | |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
| May 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Parking Area |