£395,423
This estimated value is based upon the latest sale price for the house of £200,000 on 4 Jun 2004. 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 Musgrave Road
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| Price Paid | Date |
|---|---|
| £200,000 | 4 Jun 2004 |
| £40,000 | 6 Sep 2001 |
| Detached |
| Freehold |
| Floor Area: 81 sq meters or 874 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 June 2004 the House Price Index for TYNE AND WEAR was 75.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 97.712%.Applying this 97.712% change to the original purchase price of £200,000 results in an estimated price of approximately £395,423.
| 4 Jun 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 75.2 | 148.6 | 97.712 % | £200,000 | £195,423 | £395,423 |
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 | 31.288 % | £62,576 | £262,576 |
| 3 Month Average | 35.818 % | £71,636 | £271,636 |
| 6 Month Average | 49.227 % | £98,453 | £298,453 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £361,350 | £356,000 | 14 HEATHFIELD PLACE |
| 25 Aug 2023 | £248,171 | £246,000 | 14 MUSGRAVE ROAD |
| 30 Sep 2022 | £376,956 | £380,000 | 25 HEATHFIELD PLACE |
| 10 Jun 2021 | £458,139 | £427,000 | 12 CLIFTON GARDENS |
| 16 Sep 2020 | £742,113 | £625,000 | 37 HEATHFIELD PLACE |
This house has a floor area of 81 sq meters or 874 sq feet when measured on 26 Aug 2011. Using an estimated price of £395,424 means this house is valued at £4,869 per sq meter (£452 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Musgrave Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Musgrave Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Clifton Gardens |
| Dec 2023 | Other crime | Investigation complete; no suspect identified | On or near Westover Gardens |
| Mar 2024 | Anti-social behaviour | On or near Chesters Park |