£181,896
This estimated value is based upon the latest sale price for the house of £146,000 on 30 Oct 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 |
|---|---|
| £146,000 | 30 Oct 2017 |
| £95,000 | 9 Nov 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 64 sq meters or 688 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 October 2017 the House Price Index for TYNE AND WEAR was 117.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 24.586%.Applying this 24.586% change to the original purchase price of £146,000 results in an estimated price of approximately £181,896.
| 30 Oct 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 146.7 | 24.586 % | £146,000 | £35,896 | £181,896 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 3.442 % | £5,025 | £151,025 |
| 3 Month Average | 28.498 % | £41,607 | £187,607 |
| 6 Month Average | 25.084 % | £36,623 | £182,623 |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 12 Oct 2012.
The average size of a house on WELLS GROVE is 83 sq meters (900 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wells Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wells Grove |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Wells Grove |
| Feb 2024 | Public order | Under investigation | On or near Harton Rise |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Grinstead Close |