£143,643
This estimated value is based upon the latest sale price for the house of £89,950 on 24 May 2007. 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 Myrtle Grove
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| Price Paid | Date |
|---|---|
| £89,950 | 24 May 2007 |
| £71,000 | 7 Jul 2006 |
| £60,000 | 27 Jul 2004 |
| £44,000 | 22 Dec 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 80 sq meters or 861 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 2007 the House Price Index for TYNE AND WEAR was 93.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.693%.Applying this 59.693% change to the original purchase price of £89,950 results in an estimated price of approximately £143,643.
| 24 May 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 148.6 | 59.693 % | £89,950 | £53,693 | £143,643 |
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 | 20.910 % | £18,808 | £108,758 |
| 3 Month Average | 12.536 % | £11,275 | £101,225 |
| 6 Month Average | 20.637 % | £18,563 | £108,513 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Sep 2023 | £82,049 | £81,000 | 40 COACH ROAD |
| 6 Feb 2023 | £59,460 | £59,500 | 59 WESTMORLAND STREET |
| 18 Jan 2023 | £85,597 | £86,000 | 49 COACH ROAD |
| 10 Aug 2022 | £124,664 | £125,000 | 42 RICHARDSON STREET |
| 5 Aug 2022 | £50,863 | £51,000 | 242 - 244 HIGH STREET EAST |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 16 Mar 2015. Using an estimated price of £143,644 means this house is valued at £1,795 per sq meter (£166 per sq foot).
The average size of a house on HIGH STREET EAST is 67 sq meters (728 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Myrtle Grove | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Myrtle Grove |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Myrtle Grove |
| Apr 2024 | Burglary | Under investigation | On or near Myrtle Grove |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Myrtle Grove |