£132,889
This estimated value is based upon the latest sale price for the house of £80,000 on 25 Jul 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 25 Jul 2013 |
| £36,400 | 4 Mar 1996 |
| £21,000 | 29 Sep 1995 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 July 2013 the House Price Index for TYNE AND WEAR was 89.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.112%.Applying this 66.112% change to the original purchase price of £80,000 results in an estimated price of approximately £132,889.
| 25 Jul 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 148.6 | 66.112 % | £80,000 | £52,889 | £132,889 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -7.198 % | £-5,758 | £74,241 |
| 3 Month Average | 12.251 % | £9,800 | £89,800 |
| 6 Month Average | 18.535 % | £14,827 | £94,827 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £116,489 | £115,000 | 5 WILLOW GROVE |
| 28 Jul 2023 | £106,432 | £105,000 | 11 SELWOOD COURT |
| 20 Feb 2023 | £106,928 | £107,000 | 21 SELWOOD COURT |
| 14 Feb 2023 | £164,889 | £165,000 | 258 SUNDERLAND ROAD |
| 11 Nov 2022 | £172,906 | £175,000 | 321 SUNDERLAND ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 11 Apr 2014. Using an estimated price of £132,890 means this house is valued at £1,771 per sq meter (£164 per sq foot).
The average size of a house on PRINCE EDWARD ROAD is 88 sq meters (948 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Willow Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Willow Grove |
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Willow Grove |