£366,824
This estimated value is based upon the latest sale price for the house of £245,000 on 4 Nov 2014. 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 Elmfield Grove
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| Price Paid | Date |
|---|---|
| £245,000 | 4 Nov 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 2014 the House Price Index for TYNE AND WEAR was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £245,000 results in an estimated price of approximately £366,824.
| 4 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £245,000 | £121,824 | £366,824 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 14.669 % | £35,938 | £280,938 |
| 3 Month Average | 11.207 % | £27,456 | £272,456 |
| 6 Month Average | 17.811 % | £43,635 | £288,635 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £644,135 | £638,500 | 3 ELMFIELD GARDENS |
| 25 Aug 2023 | £375,788 | £372,500 | 35 ELMFIELD GROVE |
| 26 Jun 2023 | £785,515 | £776,000 | 5 ELGY ROAD |
| 28 Oct 2022 | £358,299 | £362,157 | 37 ELMFIELD GARDENS |
| 30 May 2022 | £479,026 | £470,000 | 37 NORTHFIELD ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 24 Sep 2014. Using an estimated price of £366,824 means this house is valued at £3,861 per sq meter (£358 per sq foot).
The average size of a house on ELMFIELD GROVE is 130 sq meters (1,401 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Elmfield Grove |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Meadowfield Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Meadowfield Road |
| Dec 2023 | Anti-social behaviour | On or near Meadowfield Road | |
| Dec 2023 | Other theft | Under investigation | On or near Meadowfield Road |