£517,443
This estimated value is based upon the latest sale price for the house of £398,000 on 1 Feb 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £398,000 | 1 Feb 2017 |
| 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 February 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £398,000 results in an estimated price of approximately £517,443.
| 1 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £398,000 | £119,443 | £517,443 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -33.010 % | £-131,380 | £266,619 |
| 3 Month Average | 2.294 % | £9,131 | £407,131 |
| 6 Month Average | -3.662 % | £-14,576 | £383,423 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £345,109 | £340,000 | 97 QUEEN ALEXANDRA ROAD |
| 30 Jun 2023 | £3,037 | £3,000 | 32 NILVERTON AVENUE |
| 17 Feb 2023 | £203,863 | £204,000 | 6 LEIGHTON ROAD |
| 31 Jan 2023 | £248,828 | £250,000 | 44 NILVERTON AVENUE |
| 30 Sep 2022 | £287,677 | £290,000 | 14 LUDLOW ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Nilverton Avenue |
| Feb 2024 | Anti-social behaviour | On or near Nilverton Avenue | |
| Feb 2024 | Public order | Under investigation | On or near Nilverton Avenue |
| Feb 2024 | Anti-social behaviour | On or near Nilverton Avenue | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Nilverton Avenue |