£399,488
This estimated value is based upon the latest sale price for the house of £88,000 on 29 Jan 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,000 | 29 Jan 1999 |
| Terraced |
| Freehold |
| Floor Area: 173 sq meters or 1,862 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 1999 the House Price Index for TYNE AND WEAR was 32.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 353.964%.Applying this 353.964% change to the original purchase price of £88,000 results in an estimated price of approximately £399,488.
| 29 Jan 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.7 | 148.6 | 353.964 % | £88,000 | £311,488 | £399,488 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 314.522 % | £276,779 | £364,779 |
| 3 Month Average | 277.873 % | £244,528 | £332,528 |
| 6 Month Average | 228.035 % | £200,670 | £288,670 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £379,000 | £379,000 | 6 MAYFAIR ROAD |
| 11 Aug 2023 | £343,001 | £340,000 | 24 ASHLEIGH GROVE |
| 11 Jul 2023 | £202,729 | £200,000 | 54 MAYFAIR ROAD |
| 30 Mar 2023 | £233,197 | £231,000 | 58 ASHLEIGH GROVE |
| 25 Nov 2022 | £207,487 | £210,000 | 2B ASHLEIGH GROVE |
This house has a floor area of 173 sq meters or 1,862 sq feet when measured on 10 Jul 2019. Using an estimated price of £399,488 means this house is valued at £2,309 per sq meter (£214 per sq foot).
The average size of a house on MAYFAIR ROAD is 105 sq meters (1,137 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Mayfair Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mayfair Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ashleigh Grove |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ashleigh Grove |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ashleigh Grove |