£386,522
This estimated value is based upon the latest sale price for the house of £250,000 on 29 May 2014. 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 Musgrave Road
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| Price Paid | Date |
|---|---|
| £250,000 | 29 May 2014 |
| £80,000 | 28 Oct 1999 |
| £63,000 | 25 Oct 1996 |
| Terraced |
| Freehold |
| Floor Area: 178 sq meters or 1,915 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 May 2014 the House Price Index for TYNE AND WEAR was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £250,000 results in an estimated price of approximately £386,522.
| 29 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £250,000 | £136,522 | £386,522 |
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 | -8.477 % | £-21,193 | £228,806 |
| 3 Month Average | 20.408 % | £51,020 | £301,020 |
| 6 Month Average | 18.792 % | £46,980 | £296,980 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £248,171 | £246,000 | 14 MUSGRAVE ROAD |
| 24 Apr 2023 | £214,307 | £212,000 | 3 JOICEY ROAD |
| 27 Jul 2022 | £260,702 | £260,000 | 91 DRYDEN ROAD |
| 8 Mar 2022 | £248,651 | £239,950 | 99 DRYDEN ROAD |
| 19 Nov 2021 | £343,921 | £318,000 | 15 LAVENDER GARDENS |
This house has a floor area of 178 sq meters or 1,915 sq feet when measured on 2 Nov 2013. Using an estimated price of £386,522 means this house is valued at £2,171 per sq meter (£201 per sq foot).
The average size of a house on LILAC GARDENS is 170 sq meters (1,835 sq feet).
This house is the largest in the street with a floor area of 178 sq meters (1,915 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Musgrave Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Musgrave Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near A167 |
| Apr 2024 | Burglary | Under investigation | On or near A167 |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Joicey Road |