£514,868
This estimated value is based upon the latest sale price for the house of £340,000 on 15 Aug 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
More crime details
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| Price Paid | Date |
|---|---|
| £340,000 | 15 Aug 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 127 sq meters or 1,375 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 August 2014 the House Price Index for TYNE AND WEAR was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £340,000 results in an estimated price of approximately £514,868.
| 15 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £340,000 | £174,868 | £514,868 |
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 | -28.785 % | £-97,869 | £242,130 |
| 3 Month Average | 11.489 % | £39,062 | £379,062 |
| 6 Month Average | 14.789 % | £50,283 | £390,283 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £361,350 | £356,000 | 14 HEATHFIELD PLACE |
| 25 Aug 2023 | £248,171 | £246,000 | 14 MUSGRAVE ROAD |
| 30 Sep 2022 | £376,956 | £380,000 | 25 HEATHFIELD PLACE |
| 10 Jun 2021 | £458,139 | £427,000 | 12 CLIFTON GARDENS |
| 16 Sep 2020 | £742,113 | £625,000 | 37 HEATHFIELD PLACE |
This house has a floor area of 127 sq meters or 1,375 sq feet when measured on 2 Dec 2010. Using an estimated price of £514,868 means this house is valued at £4,028 per sq meter (£374 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Musgrave Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Musgrave Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Clifton Gardens |
| Mar 2024 | Anti-social behaviour | On or near Chesters Park | |
| Feb 2024 | Anti-social behaviour | On or near Chesters Park |