£439,264
This estimated value is based upon the latest sale price for the house of £350,000 on 26 Jan 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £350,000 | 26 Jan 2018 |
| Terraced |
| Freehold |
| Floor Area: 143 sq meters or 1,539 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 January 2018 the House Price Index for TYNE AND WEAR was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £350,000 results in an estimated price of approximately £439,264.
| 26 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £350,000 | £89,264 | £439,264 |
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 | 22.611 % | £79,138 | £429,138 |
| 3 Month Average | 3.305 % | £11,569 | £361,569 |
| 6 Month Average | 13.370 % | £46,793 | £396,793 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Sep 2023 | £861,009 | £850,000 | 16 GROVE PARK SQUARE |
| 11 Jan 2023 | £228,922 | £230,000 | 33 GROVE PARK CRESCENT |
| 21 Feb 2022 | £577,831 | £551,000 | 7 ST NICHOLAS AVENUE |
| 4 Nov 2021 | £248,748 | £230,000 | 42 GROVE PARK CRESCENT |
| 24 Sep 2021 | £436,425 | £405,000 | 35 RECTORY GROVE |
This house has a floor area of 143 sq meters or 1,539 sq feet when measured on 2 Jun 2014. Using an estimated price of £439,264 means this house is valued at £3,071 per sq meter (£285 per sq foot).
The average size of a house on RECTORY GROVE is 142 sq meters (1,529 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Nicholas Avenue |
| Mar 2024 | Vehicle crime | Under investigation | On or near Belle Vue Avenue |
| Feb 2024 | Public order | Under investigation | On or near Grove Park Avenue |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Grove Park Avenue |
| Feb 2024 | Anti-social behaviour | On or near Grove Park Square |