£265,547
This estimated value is based upon the latest sale price for the house of £155,000 on 28 Apr 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £155,000 | 28 Apr 2011 |
| £45,000 | 3 Apr 1997 |
| Terraced |
| Freehold |
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 2011 the House Price Index for TYNE AND WEAR was 86.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.321%.Applying this 71.321% change to the original purchase price of £155,000 results in an estimated price of approximately £265,547.
| 28 Apr 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.7 | 148.6 | 71.321 % | £155,000 | £110,547 | £265,547 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -9.756 % | £-15,121 | £139,878 |
| 3 Month Average | 21.253 % | £32,942 | £187,942 |
| 6 Month Average | 22.962 % | £35,590 | £190,590 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £147,179 | £145,000 | 5 - 7 LOWERYS LANE |
| 16 Nov 2023 | £233,456 | £230,000 | 1 BELLE VUE GROVE |
| 22 Sep 2023 | £198,539 | £196,000 | 9 ELDER GROVE |
| 22 Sep 2023 | £240,070 | £237,000 | 15 CLEMENT STREET |
| 27 Jun 2023 | £151,839 | £150,000 | 541 - 543 DURHAM ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Shoplifting | Under investigation | On or near Elder Grove |
| Apr 2024 | Shoplifting | Under investigation | On or near Elder Grove |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Elder Grove |
| Apr 2024 | Shoplifting | Under investigation | On or near Elder Grove |
| Apr 2024 | Shoplifting | Awaiting court outcome | On or near Elder Grove |