£294,046
This estimated value is based upon the latest sale price for the house of £235,000 on 26 Sep 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £235,000 | 26 Sep 2017 |
| Terraced |
| Leasehold |
| Floor Area: 93 sq meters or 1,001 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 September 2017 the House Price Index for TYNE AND WEAR was 117.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.126%.Applying this 25.126% change to the original purchase price of £235,000 results in an estimated price of approximately £294,046.
| 26 Sep 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 146.7 | 25.126 % | £235,000 | £59,046 | £294,046 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 40.709 % | £95,666 | £330,666 |
| 3 Month Average | 13.922 % | £32,717 | £267,717 |
| 6 Month Average | 13.517 % | £31,765 | £266,765 |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 14 Jun 2017.
The average size of a house on ARCOT DRIVE is 116 sq meters (1,252 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Grindon Close | |
| Feb 2024 | Other crime | Under investigation | On or near Grindon Close |
| Feb 2024 | Other crime | Under investigation | On or near Grindon Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Grindon Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Grindon Close |