£272,207
This estimated value is based upon the latest sale price for the house of £270,000 on 7 Jun 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£270,000 | 7 Jun 2023 |
£194,995 | 30 May 2014 |
Detached |
Freehold |
Floor Area: 89 sq meters or 957 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 2023 the House Price Index for TYNE AND WEAR was 146.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.817%.Applying this 0.817% change to the original purchase price of £270,000 results in an estimated price of approximately £272,207.
7 Jun 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.8 | 148.0 | 0.817 % | £270,000 | £2,207 | £272,207 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | -40.551 % | £-109,488 | £160,511 |
3 Month Average | -11.915 % | £-32,170 | £237,829 |
6 Month Average | 8.304 % | £22,419 | £292,419 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £586,983 | £585,000 | 4 GRANVILLE AVENUE |
17 Nov 2023 | £238,056 | £235,000 | 23C ALBERT STREET |
11 Jul 2023 | £383,629 | £380,000 | 2A GRANVILLE AVENUE |
30 Jun 2023 | £146,185 | £145,000 | 41 EARL STREET |
7 Jun 2023 | £272,207 | £270,000 | 53 MILLER CLOSE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 22 Apr 2014. Using an estimated price of £272,207 means this house is valued at £3,058 per sq meter (£284 per sq foot).
The average size of a house on MILLER CLOSE is 103 sq meters (1,112 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Under investigation | On or near Miller Street |
Mar 2024 | Other crime | Under investigation | On or near Poplar Grove |
Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near Poplar Grove |
Jan 2024 | Public order | Awaiting court outcome | On or near Poplar Grove |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Poplar Grove |