£187,155
This estimated value is based upon the latest sale price for the house of £125,000 on 28 Nov 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£125,000 | 28 Nov 2014 |
£137,000 | 29 Oct 2004 |
Semi-Detached |
Freehold |
Floor Area: 83 sq meters or 893 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 £125,000 results in an estimated price of approximately £187,155.
28 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.2 | 148.6 | 49.724 % | £125,000 | £62,155 | £187,155 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 15.970 % | £19,962 | £144,962 |
3 Month Average | 1.510 % | £1,887 | £126,887 |
6 Month Average | 10.858 % | £13,572 | £138,572 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Jul 2023 | £136,842 | £135,000 | 13 TRURO WAY |
11 Apr 2023 | £131,415 | £130,000 | 121 DURHAM DRIVE |
26 Jul 2022 | £125,337 | £125,000 | 14 LAWNSWAY |
6 Jun 2022 | £192,724 | £190,000 | 5 THE GROVE |
5 Nov 2021 | £160,064 | £148,000 | 179 DURHAM DRIVE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 22 Nov 2013. Using an estimated price of £187,155 means this house is valued at £2,254 per sq meter (£209 per sq foot).
The average size of a house on THE GROVE is 83 sq meters (893 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Grove |
Mar 2024 | Anti-social behaviour | On or near Limecroft | |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Limecroft |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near St David'S Way |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Bower |