£342,116
This estimated value is based upon the latest sale price for the house of £203,500 on 24 Sep 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £203,500 | 24 Sep 2012 |
| £205,000 | 7 Dec 2007 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 September 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.116%.Applying this 68.116% change to the original purchase price of £203,500 results in an estimated price of approximately £342,116.
| 24 Sep 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 146.7 | 68.116 % | £203,500 | £138,616 | £342,116 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 61.008 % | £124,152 | £327,652 |
| 3 Month Average | 20.058 % | £40,818 | £244,318 |
| 6 Month Average | 24.042 % | £48,925 | £252,425 |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 16 Jul 2012.
There is one other house on the street which we know the size of, this is 10 SPRINGFIELD GROVE it is 117.04
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Melbourne Crescent |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Closefield Grove |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lena Avenue |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Lena Avenue |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Appletree Gardens |