£6,043
This estimated value is based upon the latest sale price for the house of £4,900 on 4 Jul 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£4,900 | 4 Jul 2019 |
£229,850 | 25 Jun 2019 |
£103,000 | 29 Feb 2000 |
Freehold |
Floor Area: 112 sq meters or 1,205 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 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £4,900 results in an estimated price of approximately £6,043.
4 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 148.6 | 23.337 % | £4,900 | £1,143 | £6,043 |
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 | -3.859 % | £-189 | £4,710 |
3 Month Average | 14.923 % | £731 | £5,631 |
6 Month Average | 15.338 % | £751 | £5,651 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Jun 2023 | £279,232 | £275,850 | 37 MELDON AVENUE |
21 Jul 2022 | £346,611 | £345,678 | 26 MITFORD ROAD |
17 Jun 2022 | £390,519 | £385,000 | 59 MELDON AVENUE |
7 Jan 2022 | £266,259 | £253,000 | 167 TEMPLE PARK ROAD |
3 Nov 2021 | £519,127 | £480,000 | 64 MITFORD ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 25 Sep 2013. Using an estimated price of £6,044 means this house is valued at £53 per sq meter (£5 per sq foot).
The average size of a house on MITFORD ROAD is 137 sq meters (1,480 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mitford Road |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Mitford Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Meldon Avenue |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Meldon Avenue |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Meldon Avenue |