£87,485
This estimated value is based upon the latest sale price for the house of £67,000 on 15 Mar 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been three burglaries within the last year on or near Oak Grove
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| Price Paid | Date |
|---|---|
| £67,000 | 15 Mar 2017 |
| £70,000 | 12 Jul 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 March 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £67,000 results in an estimated price of approximately £87,485.
| 15 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 149.7 | 30.575 % | £67,000 | £20,485 | £87,485 |
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 | 60.016 % | £40,210 | £107,210 |
| 3 Month Average | 34.098 % | £22,845 | £89,845 |
| 6 Month Average | 17.235 % | £11,547 | £78,547 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £60,936 | £60,000 | 26 CEDAR GROVE |
| 8 Mar 2024 | £71,092 | £70,000 | 8 DENE CRESCENT |
| 14 Apr 2023 | £59,615 | £58,500 | 321 HIGH STREET EAST |
| 25 Jan 2023 | £80,164 | £79,950 | 86 DENE CRESCENT |
| 20 Jan 2023 | £77,708 | £77,500 | 94 DENE CRESCENT |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 4 Jan 2014. Using an estimated price of £87,486 means this house is valued at £1,682 per sq meter (£156 per sq foot).
The average size of a house on HIGH STREET EAST is 67 sq meters (728 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Under investigation | On or near Oak Grove |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oak Grove |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oak Grove |
| Jul 2024 | Burglary | Awaiting court outcome | On or near Oak Grove |
| Jul 2024 | Burglary | Under investigation | On or near Oak Grove |