£305,511
This estimated value is based upon the latest sale price for the house of £242,000 on 2 Mar 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 |
---|---|
£242,000 | 2 Mar 2018 |
Terraced |
Freehold |
Floor Area: 171 sq meters or 1,840 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 2018 the House Price Index for TYNE AND WEAR was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £242,000 results in an estimated price of approximately £305,511.
2 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.6 | 149.7 | 26.245 % | £242,000 | £63,511 | £305,511 |
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 | 1.211 % | £2,930 | £244,930 |
3 Month Average | 27.150 % | £65,702 | £307,702 |
6 Month Average | 20.954 % | £50,709 | £292,709 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Apr 2024 | £100,876 | £100,000 | 8 GROSVENOR MEWS GROSVENOR PLACE |
24 Nov 2023 | £123,125 | £120,000 | 26 ETAL COURT |
6 Oct 2023 | £255,810 | £250,000 | 3 GROSVENOR PLACE |
31 Mar 2023 | £184,074 | £181,000 | 38 CLEVELAND ROAD |
21 Mar 2023 | £121,987 | £119,950 | 7 GROSVENOR MEWS GROSVENOR PLACE |
This house has a floor area of 171 sq meters or 1,840 sq feet when measured on 11 Sep 2017. Using an estimated price of £305,512 means this house is valued at £1,786 per sq meter (£165 per sq foot).
The average size of a house on CLEVELAND ROAD is 152 sq meters (1,636 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Alma Place |
Jul 2024 | Other theft | Under investigation | On or near Cleveland Road |
Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Cleveland Road |
Jul 2024 | Anti-social behaviour | On or near Preston Mews | |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Preston Mews |