£426,452
This estimated value is based upon the latest sale price for the house of £427,600 on 19 Aug 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£427,600 | 19 Aug 2022 |
£265,000 | 10 Oct 2016 |
Terraced |
Freehold |
Floor Area: 147 sq meters or 1,582 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 2022 the House Price Index for TYNE AND WEAR was 149.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.268%.Applying this -0.268% change to the original purchase price of £427,600 results in an estimated price of approximately £426,452.
19 Aug 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
149.0 | 148.6 | -0.268 % | £427,600 | £-1,147 | £426,452 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 1.514 % | £6,474 | £434,074 |
3 Month Average | 2.921 % | £12,490 | £440,090 |
6 Month Average | 9.576 % | £40,948 | £468,548 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Sep 2023 | £162,072 | £160,000 | 79 KENILWORTH ROAD |
10 Feb 2023 | £273,416 | £273,600 | 37 MELROSE AVENUE |
19 Oct 2022 | £269,103 | £272,000 | 7 ABBOTSFORD PARK |
6 Oct 2022 | £274,049 | £277,000 | 9 WAVERLEY AVENUE |
19 Aug 2022 | £426,452 | £427,600 | 43 MELROSE AVENUE |
This house has a floor area of 147 sq meters or 1,582 sq feet when measured on 9 Jun 2016. Using an estimated price of £426,452 means this house is valued at £2,901 per sq meter (£269 per sq foot).
The average size of a house on MELROSE AVENUE is 134 sq meters (1,447 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Waverley Avenue | |
Feb 2024 | Anti-social behaviour | On or near Waverley Avenue | |
Feb 2024 | Anti-social behaviour | On or near Waverley Avenue | |
Apr 2024 | Violence and sexual offences | Under investigation | On or near The Nook |
Apr 2024 | Anti-social behaviour | On or near The Nook |