£394,736
This estimated value is based upon the latest sale price for the house of £330,000 on 17 Sep 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£330,000 | 17 Sep 2020 |
£87,500 | 25 Sep 1998 |
Semi-Detached |
Freehold |
Floor Area: 141 sq meters or 1,517 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 September 2020 the House Price Index for TYNE AND WEAR was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £330,000 results in an estimated price of approximately £394,736.
17 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
125.1 | 149.7 | 19.617 % | £330,000 | £64,736 | £394,736 |
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 | -25.044 % | £-82,644 | £247,355 |
3 Month Average | 18.825 % | £62,121 | £392,121 |
6 Month Average | 26.069 % | £86,027 | £416,027 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Jun 2024 | £175,000 | £175,000 | 13 STUDLAND CLOSE |
28 Apr 2024 | £262,278 | £260,000 | 73 MALVERN ROAD |
30 Jun 2023 | £331,646 | £325,000 | 1 WESTBURY ROAD |
27 Jan 2023 | £310,831 | £310,000 | 35 CLEEHILL DRIVE |
21 Jan 2022 | £275,652 | £260,000 | 4 WESTBURY ROAD |
This house has a floor area of 141 sq meters or 1,517 sq feet when measured on 27 Sep 2019. Using an estimated price of £394,736 means this house is valued at £2,799 per sq meter (£260 per sq foot).
The average size of a house on MALVERN ROAD is 102 sq meters (1,102 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Other theft | Investigation complete; no suspect identified | On or near Colwell Road |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Sandwich Road |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Malvern Road |
Apr 2024 | Anti-social behaviour | On or near Langdon Close | |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Langdon Close |