£396,092
This estimated value is based upon the latest sale price for the house of £294,950 on 27 May 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £294,950 | 27 May 2016 |
| £277,700 | 19 Dec 2014 |
| Terraced |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 2016 the House Price Index for TYNE AND WEAR was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £294,950 results in an estimated price of approximately £396,092.
| 27 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £294,950 | £101,142 | £396,092 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 68.788 % | £202,890 | £497,840 |
| 3 Month Average | 26.633 % | £78,552 | £373,502 |
| 6 Month Average | 21.556 % | £63,580 | £358,530 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £172,555 | £170,000 | 18 ST. AIDANS COURT MARINERS LANE |
| 10 Aug 2023 | £644,135 | £638,500 | 4 DENE ROAD |
| 30 Jun 2023 | £182,207 | £180,000 | 23 ST. AIDANS COURT MARINERS LANE |
| 26 Jun 2023 | £258,127 | £255,000 | 39 EDITH STREET |
| 26 Jun 2023 | £283,433 | £280,000 | 10 ALGERNON TERRACE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 21 Jan 2016. Using an estimated price of £396,093 means this house is valued at £3,328 per sq meter (£309 per sq foot).
The average size of a house on MILL GROVE is 152 sq meters (1,643 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near King Edward Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near King Edward Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Dene Road |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Albury Park Road |
| Feb 2024 | Anti-social behaviour | On or near Crossway |