£333,236
This estimated value is based upon the latest sale price for the house of £210,000 on 7 Apr 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Chelsea Grove
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| Price Paid | Date |
|---|---|
| £210,000 | 7 Apr 2008 |
| Terraced |
| Freehold |
| Floor Area: 216 sq meters or 2,325 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 April 2008 the House Price Index for TYNE AND WEAR was 93.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.684%.Applying this 58.684% change to the original purchase price of £210,000 results in an estimated price of approximately £333,236.
| 7 Apr 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.6 | 148.6 | 58.684 % | £210,000 | £123,236 | £333,236 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 118.574 % | £249,005 | £459,005 |
| 3 Month Average | 13.514 % | £28,378 | £238,378 |
| 6 Month Average | 14.517 % | £30,485 | £240,485 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £475,116 | £470,000 | 1 BISHOPS AVENUE |
| 3 Mar 2023 | £227,140 | £225,000 | 1 CHELSEA GROVE |
| 3 Feb 2023 | £46,968 | £47,000 | 13 TAMWORTH ROAD |
| 9 Nov 2022 | £139,807 | £141,500 | 11 BELSAY PLACE |
| 30 Jun 2022 | £60,860 | £60,000 | FLAT B 7 WELLESLEY TERRACE |
This house has a floor area of 216 sq meters or 2,325 sq feet when measured on 21 May 2018. Using an estimated price of £333,237 means this house is valued at £1,542 per sq meter (£143 per sq foot).
The average size of a house on WELLESLEY TERRACE is 208 sq meters (2,238 sq feet).
This house is the largest in the street with a floor area of 216 sq meters (2,325 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Chelsea Grove | |
| Apr 2024 | Anti-social behaviour | On or near Chelsea Grove | |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Chelsea Grove |
| Mar 2024 | Anti-social behaviour | On or near Chelsea Grove | |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Chelsea Grove |