£169,324
This estimated value is based upon the latest sale price for the house of £97,000 on 6 Nov 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£97,000 | 6 Nov 2009 |
Semi-Detached |
Freehold |
Floor Area: 84 sq meters or 912 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 November 2009 the House Price Index for TYNE AND WEAR was 85.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 74.561%.Applying this 74.561% change to the original purchase price of £97,000 results in an estimated price of approximately £169,324.
6 Nov 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
85.1 | 148.6 | 74.561 % | £97,000 | £72,324 | £169,324 |
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 | 40.510 % | £39,294 | £136,294 |
3 Month Average | 25.108 % | £24,354 | £121,354 |
6 Month Average | 29.940 % | £29,041 | £126,041 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Nov 2023 | £76,127 | £75,000 | 50 RADNOR GARDENS |
30 Jun 2023 | £164,493 | £162,500 | 138 RIDLEY AVENUE |
9 Jun 2023 | £173,097 | £171,000 | 8 SALTBURN GARDENS |
25 Jan 2023 | £99,531 | £100,000 | 9 LONSDALE GARDENS |
13 Jan 2023 | £149,247 | £149,950 | 22 PEMBROKE GARDENS |
This house has a floor area of 84 sq meters or 912 sq feet when measured on 27 May 2009. Using an estimated price of £169,324 means this house is valued at £1,997 per sq meter (£185 per sq foot).
The average size of a house on MELROSE GARDENS is 94 sq meters (1,019 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Lonsdale Gardens |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lonsdale Gardens |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Lonsdale Gardens |
Apr 2024 | Anti-social behaviour | On or near Ridley Avenue | |
Mar 2024 | Other crime | Under investigation | On or near Ridley Avenue |