£172,256
This estimated value is based upon the latest sale price for the house of £139,000 on 9 Jul 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 |
|---|---|
| £139,000 | 9 Jul 2018 |
| £105,000 | 29 Sep 2017 |
| £35,000 | 6 Mar 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 July 2018 the House Price Index for TYNE AND WEAR was 119.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.926%.Applying this 23.926% change to the original purchase price of £139,000 results in an estimated price of approximately £172,256.
| 9 Jul 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 148.6 | 23.926 % | £139,000 | £33,256 | £172,256 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 34.265 % | £47,628 | £186,628 |
| 3 Month Average | 25.921 % | £36,029 | £175,029 |
| 6 Month Average | 12.142 % | £16,877 | £155,877 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £133,760 | £132,500 | 8 HILLVIEW CRESCENT |
| 15 Feb 2023 | £188,373 | £188,500 | 23 MELROSE GARDENS |
| 24 Nov 2021 | £205,434 | £189,950 | 26 MELROSE GARDENS |
| 7 Sep 2021 | £150,863 | £140,000 | 25 MELROSE GARDENS |
| 25 Aug 2021 | £237,068 | £212,500 | HILLCREST COALEY LANE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 12 Jun 2017. Using an estimated price of £172,256 means this house is valued at £2,533 per sq meter (£235 per sq foot).
The average size of a house on MELROSE GARDENS is 92 sq meters (999 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hillview Grove |
| Apr 2024 | Possession of weapons | Awaiting court outcome | On or near Hillview Grove |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Bickington Court |
| Apr 2024 | Anti-social behaviour | On or near Devonport | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Devonport |