£236,696
This estimated value is based upon the latest sale price for the house of £73,000 on 7 Sep 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£73,000 | 7 Sep 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 60 sq meters or 645 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 2001 the House Price Index for TYNE AND WEAR was 45.3.
The House Price Index as of 1 Jan 2024 is 147.0 which is a change of 224.242%.Applying this 224.242% change to the original purchase price of £73,000 results in an estimated price of approximately £236,696.
7 Sep 2001 | 1 Jan 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
45.3 | 147.0 | 224.242 % | £73,000 | £163,696 | £236,696 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 233.237 % | £170,263 | £243,263 |
3 Month Average | 165.516 % | £120,826 | £193,826 |
6 Month Average | 177.495 % | £129,571 | £202,571 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £403,846 | £400,000 | 14 FERNDENE COURT MOOR ROAD SOUTH |
20 Oct 2023 | £140,522 | £141,000 | FLAT 45 ETTRICK LODGE THE GROVE |
14 Jul 2023 | £89,878 | £90,000 | FLAT 33 ETTRICK LODGE THE GROVE |
10 Jul 2023 | £569,226 | £570,000 | 15 AVONDALE COURT RECTORY ROAD |
9 Jun 2023 | £518,941 | £520,000 | 9 AVONDALE COURT RECTORY ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 29 Sep 2021. Using an estimated price of £236,696 means this house is valued at £3,944 per sq meter (£366 per sq foot).
The average size of a house on THE GROVE is 70 sq meters (758 sq feet).
This house is the largest in the street with a floor area of 60 sq meters (645 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Grove |
Jan 2024 | Shoplifting | Under investigation | On or near The Grove |
Jan 2024 | Shoplifting | Under investigation | On or near The Grove |
Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near The Grove |
Jan 2024 | Violence and sexual offences | Under investigation | On or near The Grove |