£262,170
This estimated value is based upon the latest sale price for the house of £210,000 on 27 Jul 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £210,000 | 27 Jul 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 July 2018 the House Price Index for TYNE AND WEAR was 119.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.843%.Applying this 24.843% change to the original purchase price of £210,000 results in an estimated price of approximately £262,170.
| 27 Jul 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 149.7 | 24.843 % | £210,000 | £52,170 | £262,170 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -0.538 % | £-1,130 | £208,869 |
| 3 Month Average | 15.195 % | £31,909 | £241,909 |
| 6 Month Average | 24.640 % | £51,743 | £261,743 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jun 2024 | £175,000 | £175,000 | 13 STUDLAND CLOSE |
| 6 Mar 2024 | £340,227 | £335,000 | 7 CHILTERN ROAD |
| 6 Mar 2024 | £182,480 | £179,676 | 19 SIDLAW AVENUE |
| 24 Nov 2023 | £336,030 | £327,500 | 1 SIDLAW AVENUE |
| 15 Sep 2023 | £210,643 | £206,000 | 8 ASHFORD CLOSE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 18 Apr 2018. Using an estimated price of £262,170 means this house is valued at £2,979 per sq meter (£276 per sq foot).
The average size of a house on MALVERN ROAD is 102 sq meters (1,102 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other crime | Investigation complete; no suspect identified | On or near Pentland Close |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Malvern Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Sandwich Road |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Colwell Road |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newington Drive |