£365,594
This estimated value is based upon the latest sale price for the house of £290,000 on 10 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £290,000 | 10 Nov 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 November 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £290,000 results in an estimated price of approximately £365,594.
| 10 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £290,000 | £75,594 | £365,594 |
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 | -22.627 % | £-65,617 | £224,382 |
| 3 Month Average | 13.439 % | £38,974 | £328,974 |
| 6 Month Average | 16.982 % | £49,248 | £339,248 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £233,456 | £230,000 | 1 BELLE VUE GROVE |
| 9 Feb 2023 | £309,792 | £310,000 | 2 WHINNEY PARK DURHAM ROAD |
| 20 Jan 2023 | £119,437 | £120,000 | 3 BELLE VUE GROVE |
| 25 Apr 2022 | £463,410 | £450,000 | 6 WHINNEY HOUSE DURHAM ROAD |
| 23 Dec 2021 | £176,777 | £165,000 | 484 DURHAM ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 9 Nov 2017. Using an estimated price of £365,594 means this house is valued at £4,251 per sq meter (£394 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Belle Vue Grove | |
| Jan 2024 | Anti-social behaviour | On or near Belle Vue Grove | |
| Jan 2024 | Anti-social behaviour | On or near Belle Vue Grove | |
| Jan 2024 | Anti-social behaviour | On or near Belle Vue Grove | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Edmund Place |