£278,559
This estimated value is based upon the latest sale price for the house of £270,000 on 6 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£270,000 | 6 Dec 2023 |
£163,000 | 14 Oct 2011 |
£56,000 | 2 Jan 2002 |
Semi-Detached |
Freehold |
Floor Area: 81 sq meters or 876 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 December 2023 the House Price Index for TYNE AND WEAR was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £270,000 results in an estimated price of approximately £278,559.
6 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.1 | 149.7 | 3.170 % | £270,000 | £8,559 | £278,559 |
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 | -25.921 % | £-69,986 | £200,013 |
3 Month Average | 14.672 % | £39,614 | £309,614 |
6 Month Average | -6.539 % | £-17,656 | £252,343 |
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 81 sq meters or 876 sq feet when measured on 19 Jul 2011. Using an estimated price of £278,560 means this house is valued at £3,421 per sq meter (£317 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 |