£240,657
This estimated value is based upon the latest sale price for the house of £76,000 on 7 Dec 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £76,000 | 7 Dec 2001 |
| £46,000 | 6 Dec 1999 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 December 2001 the House Price Index for TYNE AND WEAR was 46.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 216.655%.Applying this 216.655% change to the original purchase price of £76,000 results in an estimated price of approximately £240,657.
| 7 Dec 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.9 | 148.6 | 216.655 % | £76,000 | £164,657 | £240,657 |
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 | 118.347 % | £89,943 | £165,943 |
| 3 Month Average | 129.545 % | £98,454 | £174,454 |
| 6 Month Average | 138.648 % | £105,372 | £181,372 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £233,456 | £230,000 | 1 BELLE VUE GROVE |
| 22 Jun 2023 | £409,966 | £405,000 | 482 DURHAM ROAD |
| 9 Feb 2023 | £164,889 | £165,000 | 503 DURHAM ROAD |
| 25 Jan 2023 | £522,539 | £525,000 | 550 DURHAM ROAD |
| 20 Jan 2023 | £119,437 | £120,000 | 3 BELLE VUE GROVE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 20 Apr 2018. Using an estimated price of £240,658 means this house is valued at £2,506 per sq meter (£232 per sq foot).
The average size of a house on BELLE VUE GROVE is 86 sq meters (928 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Belle Vue Grove | |
| Jan 2024 | Anti-social behaviour | On or near Belle Vue Grove | |
| Jan 2024 | Anti-social behaviour | On or near Belle Vue Grove | |
| Jan 2024 | Anti-social behaviour | On or near Belle Vue Grove | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Edmund Place |