£361,331
This estimated value is based upon the latest sale price for the house of £300,000 on 19 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £300,000 | 19 Mar 2020 |
| Freehold |
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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £300,000 results in an estimated price of approximately £361,331.
| 19 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £300,000 | £61,331 | £361,331 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -2.012 % | £-6,034 | £293,965 |
| 3 Month Average | 8.941 % | £26,822 | £326,822 |
| 6 Month Average | 17.102 % | £51,306 | £351,306 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £233,456 | £230,000 | 1 BELLE VUE GROVE |
| 22 Jun 2023 | £409,966 | £405,000 | 482 DURHAM ROAD |
| 9 Feb 2023 | £309,792 | £310,000 | 2 WHINNEY PARK DURHAM ROAD |
| 20 Jan 2023 | £119,437 | £120,000 | 3 BELLE VUE GROVE |
| 31 Dec 2021 | £514,261 | £480,000 | 415 DURHAM ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Under investigation | On or near Mulberry Park |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Edmund Place |
| Feb 2024 | Public order | Under investigation | On or near Edmund Place |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Edmund Place |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Edmund Place |