£148,273
This estimated value is based upon the latest sale price for the house of £118,000 on 4 May 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £118,000 | 4 May 2018 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 May 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £118,000 results in an estimated price of approximately £148,273.
| 4 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £118,000 | £30,273 | £148,273 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -23.126 % | £-27,288 | £90,711 |
| 3 Month Average | 17.068 % | £20,139 | £138,139 |
| 6 Month Average | 12.208 % | £14,405 | £132,405 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £208,199 | £205,000 | 13 DENHAM GROVE |
| 21 Dec 2023 | £193,444 | £187,500 | 3 CRESSWELL CLOSE |
| 3 Nov 2023 | £271,902 | £265,000 | 22 MELDON WAY |
| 6 Oct 2023 | £266,042 | £260,000 | 11 DENHAM GROVE |
| 11 Jul 2022 | £173,741 | £172,000 | 1 MELDON WAY |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 3 Mar 2018. Using an estimated price of £148,273 means this house is valued at £2,003 per sq meter (£186 per sq foot).
The average size of a house on MELDON WAY is 106 sq meters (1,145 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Farndale Close |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Knobbyends Lane |
| Jul 2024 | Anti-social behaviour | On or near Barlowfield Close | |
| Apr 2024 | Anti-social behaviour | On or near Barlowfield Close | |
| Apr 2024 | Anti-social behaviour | On or near Barlowfield Close |