£144,097
This estimated value is based upon the latest sale price for the house of £105,000 on 20 Jan 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £105,000 | 20 Jan 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 January 2016 the House Price Index for TYNE AND WEAR was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £105,000 results in an estimated price of approximately £144,097.
| 20 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £105,000 | £39,097 | £144,097 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 56.820 % | £59,661 | £164,661 |
| 3 Month Average | 28.194 % | £29,603 | £134,603 |
| 6 Month Average | 37.275 % | £39,139 | £144,139 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £173,282 | £170,250 | 3 SOMERSET GROVE |
| 30 Nov 2023 | £155,299 | £153,000 | 9 BRIDPORT ROAD |
| 16 Nov 2023 | £192,855 | £190,000 | 16 BRIDPORT ROAD |
| 29 Sep 2023 | £162,072 | £160,000 | 128 FALMOUTH ROAD |
| 25 Aug 2023 | £89,281 | £88,500 | 124 FALMOUTH ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 27 Jul 2016. Using an estimated price of £144,097 means this house is valued at £1,824 per sq meter (£169 per sq foot).
The average size of a house on DORSET GROVE is 99 sq meters (1,066 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Dorset Grove |
| Mar 2024 | Anti-social behaviour | On or near Bridport Road | |
| Mar 2024 | Anti-social behaviour | On or near Bridport Road | |
| Feb 2024 | Public order | Under investigation | On or near Bridport Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Bridport Road |