£59,989
This estimated value is based upon the latest sale price for the house of £48,500 on 17 Aug 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Mitford Gardens
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| Price Paid | Date |
|---|---|
| £48,500 | 17 Aug 2018 |
| £66,000 | 27 Mar 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 August 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £48,500 results in an estimated price of approximately £59,989.
| 17 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £48,500 | £11,489 | £59,989 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 21.166 % | £10,265 | £58,765 |
| 3 Month Average | 23.860 % | £11,572 | £60,072 |
| 6 Month Average | 23.425 % | £11,361 | £59,861 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £146,280 | £145,000 | 104 CONISTON ROAD |
| 17 Mar 2023 | £155,465 | £154,000 | 27 PURLEY CLOSE |
| 20 Jan 2023 | £114,461 | £115,000 | 1 CLEADON GARDENS |
| 13 Jan 2023 | £134,367 | £135,000 | 96 CONISTON ROAD |
| 13 Jan 2023 | £42,798 | £43,000 | 20 PORTLAND CLOSE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 5 Dec 2019. Using an estimated price of £59,990 means this house is valued at £1,016 per sq meter (£94 per sq foot).
The average size of a house on MITFORD GARDENS is 83 sq meters (897 sq feet).
This house is the smallest in the street with a floor area of 59 sq meters (635 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Mitford Gardens | |
| Apr 2024 | Anti-social behaviour | On or near Mitford Gardens | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mitford Gardens |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Mitford Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Tarrington Close |