£209,594
This estimated value is based upon the latest sale price for the house of £140,000 on 10 Oct 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 |
|---|---|
| £140,000 | 10 Oct 2014 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 October 2014 the House Price Index for TYNE AND WEAR was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £140,000 results in an estimated price of approximately £209,594.
| 10 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £140,000 | £69,594 | £209,594 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | -11.628 % | £-16,279 | £123,720 |
| 3 Month Average | 11.532 % | £16,144 | £156,144 |
| 6 Month Average | 16.673 % | £23,342 | £163,342 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £475,116 | £470,000 | 1 BISHOPS AVENUE |
| 3 Mar 2023 | £227,140 | £225,000 | 1 CHELSEA GROVE |
| 3 Feb 2023 | £46,968 | £47,000 | 13 TAMWORTH ROAD |
| 30 Jun 2022 | £60,860 | £60,000 | FLAT B 7 WELLESLEY TERRACE |
| 30 Jun 2022 | £60,860 | £60,000 | FLAT A 7 WELLESLEY TERRACE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 10 Dec 2018. Using an estimated price of £209,595 means this house is valued at £2,075 per sq meter (£192 per sq foot).
The average size of a house on CHELSEA GROVE is 173 sq meters (1,863 sq feet).
This house is the smallest in the street with a floor area of 101 sq meters (1,087 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Chelsea Grove |
| Mar 2024 | Other theft | Under investigation | On or near Chelsea Grove |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Chelsea Grove |
| Mar 2024 | Anti-social behaviour | On or near Chelsea Grove | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Chelsea Grove |