£339,524
This estimated value is based upon the latest sale price for the house of £318,000 on 19 Nov 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Musgrave Road
More crime details
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| Price Paid | Date |
|---|---|
| £318,000 | 19 Nov 2021 |
| £265,728 | 18 Jan 2018 |
| £225,500 | 28 Mar 2013 |
| £239,950 | 16 Nov 2007 |
| £200,000 | 12 Aug 2005 |
| Terraced |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 November 2021 the House Price Index for TYNE AND WEAR was 137.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 6.769%.Applying this 6.769% change to the original purchase price of £318,000 results in an estimated price of approximately £339,524.
| 19 Nov 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 146.7 | 6.769 % | £318,000 | £21,524 | £339,524 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -28.896 % | £-91,888 | £226,111 |
| 3 Month Average | 8.665 % | £27,553 | £345,553 |
| 6 Month Average | 13.778 % | £43,814 | £361,814 |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 21 May 2012.
The average size of a house on LAVENDER GARDENS is 144 sq meters (1,555 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Musgrave Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Musgrave Road |
| Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Joicey Road |
| Feb 2024 | Drugs | Awaiting court outcome | On or near Joicey Road |
| Dec 2023 | Other crime | Investigation complete; no suspect identified | On or near Westover Gardens |