£311,235
This estimated value is based upon the latest sale price for the house of £74,000 on 20 Sep 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £74,000 | 20 Sep 1999 |
| £54,000 | 21 Jun 1995 |
| Terraced |
| 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 September 1999 the House Price Index for TYNE AND WEAR was 35.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 320.589%.Applying this 320.589% change to the original purchase price of £74,000 results in an estimated price of approximately £311,235.
| 20 Sep 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 35.3 | 148.6 | 320.589 % | £74,000 | £237,235 | £311,235 |
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 | 107.969 % | £79,896 | £153,896 |
| 3 Month Average | 193.171 % | £142,946 | £216,946 |
| 6 Month Average | 200.841 % | £148,621 | £222,621 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £207,655 | £205,000 | 10 COLERIDGE AVENUE |
| 27 May 2022 | £385,259 | £378,000 | 17 ALBERT DRIVE |
| 27 May 2022 | £271,771 | £266,650 | 19 CEDAR CRESCENT |
| 20 May 2022 | £250,724 | £246,000 | 50 COLERIDGE AVENUE |
| 8 Apr 2022 | £279,087 | £271,011 | 9 MYRTLE GROVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Myrtle Grove |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Forster Court |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Well Lane |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Well Lane |
| Feb 2024 | Anti-social behaviour | On or near Well Lane |