£921,626
This estimated value is based upon the latest sale price for the house of £630,000 on 23 Jun 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£630,000 | 23 Jun 2015 |
Detached |
Freehold |
Floor Area: 178 sq meters or 1,915 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £630,000 results in an estimated price of approximately £921,626.
23 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
102.3 | 149.7 | 46.290 % | £630,000 | £291,626 | £921,626 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 98.111 % | £618,101 | £1,248,101 |
3 Month Average | 27.509 % | £173,306 | £803,306 |
6 Month Average | 19.370 % | £122,028 | £752,028 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £153,907 | £150,000 | FLAT 29 WOODLAND MEWS REID PARK ROAD |
5 Sep 2023 | £66,465 | £65,000 | FLAT 25 WOODLAND MEWS REID PARK ROAD |
12 Apr 2023 | £91,715 | £90,000 | FLAT 17 WOODLAND MEWS REID PARK ROAD |
3 Feb 2023 | £437,925 | £435,000 | FLAT 7 RANNOCH HOUSE, 10 LINDISFARNE ROAD |
1 Aug 2022 | £1,934,043 | £1,925,000 | 8 CASTLETON GROVE |
This house has a floor area of 178 sq meters or 1,915 sq feet when measured on 23 Jan 2013. Using an estimated price of £921,626 means this house is valued at £5,177 per sq meter (£481 per sq foot).
The average size of a house on CASTLETON GROVE is 202 sq meters (2,183 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lindisfarne Road |
May 2024 | Other theft | Under investigation | On or near The Grove |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Adderstone Crescent |
Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Grosvenor Avenue |
Apr 2024 | Vehicle crime | Awaiting court outcome | On or near Grosvenor Avenue |