£265,219
This estimated value is based upon the latest sale price for the house of £215,000 on 20 Dec 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 The Grove
More crime details
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £215,000 | 20 Dec 2018 |
| £280,000 | 4 Aug 2005 |
| £190,000 | 23 May 2003 |
| Detached |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 December 2018 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £215,000 results in an estimated price of approximately £265,219.
| 20 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £215,000 | £50,219 | £265,219 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | 4.661 % | £10,020 | £225,020 |
| 3 Month Average | 5.647 % | £12,140 | £227,140 |
| 6 Month Average | -12.395 % | £-26,648 | £188,351 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £253,187 | £249,950 | 21 MILL HILL |
| 31 Aug 2023 | £428,751 | £425,000 | 18 THE GROVE |
| 27 Jun 2023 | £167,023 | £165,000 | 1 LISTER CLOSE |
| 27 Jun 2023 | £268,249 | £265,000 | 4 BURN CROOK |
| 8 Jun 2023 | £60,736 | £60,000 | 21 BROOKSIDE |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 15 Nov 2018. Using an estimated price of £265,220 means this house is valued at £2,525 per sq meter (£234 per sq foot).
The average size of a house on THE GROVE is 199 sq meters (2,147 sq feet).
This house is the smallest in the street with a floor area of 105 sq meters (1,130 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near The Grove |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Grove |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rainton Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near North Road |