£56,711
This estimated value is based upon the latest sale price for the house of £46,500 on 1 Mar 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £46,500 | 1 Mar 2019 |
| £56,000 | 10 May 2017 |
| £27,250 | 8 Oct 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 March 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.959%.Applying this 21.959% change to the original purchase price of £46,500 results in an estimated price of approximately £56,711.
| 1 Mar 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.959 % | £46,500 | £10,211 | £56,711 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -5.335 % | £-2,480 | £44,019 |
| 3 Month Average | 6.852 % | £3,186 | £49,686 |
| 6 Month Average | 12.866 % | £5,982 | £52,482 |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 3 Aug 2015.
The average size of a house on RICHMOND GROVE is 59 sq meters (640 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Richmond Grove |
| Mar 2024 | Anti-social behaviour | On or near Richmond Grove | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Richmond Grove |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Richmond Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Richmond Grove |