£98,763
This estimated value is based upon the latest sale price for the house of £82,000 on 5 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £82,000 | 5 Mar 2020 |
| £35,500 | 31 Mar 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £82,000 results in an estimated price of approximately £98,763.
| 5 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £82,000 | £16,763 | £98,763 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 4.152 % | £3,405 | £85,405 |
| 3 Month Average | -0.773 % | £-634 | £81,365 |
| 6 Month Average | 4.769 % | £3,910 | £85,910 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £102,518 | £101,000 | 30 CHESSAR AVENUE |
| 3 Nov 2023 | £106,070 | £104,500 | 6 WALTHAM PLACE |
| 8 Aug 2023 | £90,794 | £90,000 | 27 DRUMSHEUGH PLACE |
| 25 Oct 2022 | £103,881 | £105,000 | 9 CHANDRA PLACE |
| 4 Feb 2022 | £110,113 | £105,000 | 78 YATESBURY AVENUE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 8 Apr 2014. Using an estimated price of £98,764 means this house is valued at £889 per sq meter (£82 per sq foot).
The average size of a house on MELVIN PLACE is 146 sq meters (1,571 sq feet).
This house is the largest in the street with a floor area of 111 sq meters (1,194 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melvin Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Melvin Place |
| Dec 2023 | Other theft | Under investigation | On or near Melvin Place |
| Feb 2024 | Anti-social behaviour | On or near Abercrombie Place | |
| Feb 2024 | Anti-social behaviour | On or near Abercrombie Place |