£299,108
This estimated value is based upon the latest sale price for the house of £187,500 on 19 Feb 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£187,500 | 19 Feb 2014 |
£159,000 | 18 Sep 2009 |
£137,000 | 30 Apr 2004 |
£67,500 | 20 Oct 2000 |
Semi-Detached |
Freehold |
Floor Area: 80 sq meters or 861 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 February 2014 the House Price Index for TYNE AND WEAR was 93.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.525%.Applying this 59.525% change to the original purchase price of £187,500 results in an estimated price of approximately £299,108.
19 Feb 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.8 | 149.7 | 59.525 % | £187,500 | £111,608 | £299,108 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -36.550 % | £-68,530 | £118,969 |
3 Month Average | 38.357 % | £71,919 | £259,419 |
6 Month Average | 36.443 % | £68,329 | £255,829 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Apr 2024 | £453,942 | £450,000 | 12 CHURCH CLOSE |
6 Dec 2023 | £278,560 | £270,000 | 7 MELVILLE GARDENS |
4 Oct 2023 | £227,671 | £222,500 | 59 THORNTREE DRIVE |
17 Jan 2022 | £233,244 | £220,000 | 23 MARINA DRIVE |
13 Sep 2021 | £276,820 | £255,000 | 18 MARINA DRIVE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 12 Nov 2013. Using an estimated price of £299,109 means this house is valued at £3,738 per sq meter (£347 per sq foot).
The average size of a house on MELVILLE GARDENS is 101 sq meters (1,093 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Melville Gardens | |
Jul 2024 | Other theft | Under investigation | On or near Earsdon Road |
Jun 2024 | Anti-social behaviour | On or near Earsdon Road | |
Jun 2024 | Anti-social behaviour | On or near Earsdon Road | |
Jun 2024 | Anti-social behaviour | On or near Earsdon Road |