£193,868
This estimated value is based upon the latest sale price for the house of £115,000 on 23 May 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 23 May 2013 |
| £110,000 | 1 Sep 2009 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,024 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 2013 the House Price Index for TYNE AND WEAR was 88.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.581%.Applying this 68.581% change to the original purchase price of £115,000 results in an estimated price of approximately £193,868.
| 23 May 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 149.7 | 68.581 % | £115,000 | £78,868 | £193,868 |
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 | 72.879 % | £83,810 | £198,810 |
| 3 Month Average | 35.243 % | £40,529 | £155,529 |
| 6 Month Average | 20.304 % | £23,350 | £138,350 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Apr 2024 | £151,264 | £149,950 | 15 KESWICK GARDENS |
| 7 Nov 2023 | £76,953 | £75,000 | 50 RADNOR GARDENS |
| 30 Oct 2023 | £71,627 | £70,000 | 37 MELROSE GARDENS |
| 30 Jun 2023 | £165,823 | £162,500 | 138 RIDLEY AVENUE |
| 9 Jun 2023 | £174,497 | £171,000 | 8 SALTBURN GARDENS |
This house has a floor area of 95 sq meters or 1,024 sq feet when measured on 4 Jun 2009. Using an estimated price of £193,868 means this house is valued at £2,036 per sq meter (£189 per sq foot).
The average size of a house on MELROSE GARDENS is 94 sq meters (1,019 sq feet).
This house is the largest in the street with a floor area of 95 sq meters (1,024 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Ridley Avenue | |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ridley Avenue |
| Jul 2024 | Anti-social behaviour | On or near Ridley Avenue | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Ridley Avenue |
| May 2024 | Anti-social behaviour | On or near Ridley Avenue |