£369,218
This estimated value is based upon the latest sale price for the house of £113,000 on 31 Oct 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £113,000 | 31 Oct 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 117 sq meters or 1,259 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 October 2001 the House Price Index for TYNE AND WEAR was 45.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 226.742%.Applying this 226.742% change to the original purchase price of £113,000 results in an estimated price of approximately £369,218.
| 31 Oct 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 149.7 | 226.742 % | £113,000 | £256,218 | £369,218 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 335.572 % | £379,196 | £492,196 |
| 3 Month Average | 173.245 % | £195,766 | £308,766 |
| 6 Month Average | 163.433 % | £184,678 | £297,678 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £384,914 | £379,000 | 6 MAYFAIR ROAD |
| 16 Oct 2023 | £190,834 | £186,500 | 39 MAYFAIR ROAD |
| 11 Aug 2023 | £346,245 | £340,000 | 24 ASHLEIGH GROVE |
| 30 Jun 2023 | £183,681 | £180,000 | 50 MAYFAIR ROAD |
| 30 Mar 2023 | £234,923 | £231,000 | 58 ASHLEIGH GROVE |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 3 Sep 2018. Using an estimated price of £369,219 means this house is valued at £3,155 per sq meter (£293 per sq foot).
The average size of a house on MAYFAIR ROAD is 105 sq meters (1,137 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Drugs | Investigation complete; no suspect identified | On or near Ashleigh Grove |