£382,734
This estimated value is based upon the latest sale price for the house of £224,750 on 21 Sep 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £224,750 | 21 Sep 2012 |
| Terraced |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.294%.Applying this 70.294% change to the original purchase price of £224,750 results in an estimated price of approximately £382,734.
| 21 Sep 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.294 % | £224,750 | £157,984 | £382,734 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | -33.481 % | £-75,247 | £149,502 |
| 3 Month Average | 9.833 % | £22,099 | £246,849 |
| 6 Month Average | 17.488 % | £39,304 | £264,054 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £499,369 | £495,000 | 2 BELLE VUE AVENUE |
| 11 Jan 2023 | £228,922 | £230,000 | 33 GROVE PARK CRESCENT |
| 5 May 2022 | £535,082 | £525,000 | 34 BELLE VUE AVENUE |
| 25 Feb 2022 | £556,857 | £531,000 | 7 BELLE VUE AVENUE |
| 21 Feb 2022 | £577,831 | £551,000 | 7 ST NICHOLAS AVENUE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 11 Jul 2012. Using an estimated price of £382,735 means this house is valued at £3,511 per sq meter (£326 per sq foot).
The average size of a house on RECTORY GROVE is 142 sq meters (1,529 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Belle Vue Avenue |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Nicholas Avenue |
| Feb 2024 | Public order | Under investigation | On or near Grove Park Avenue |
| Mar 2024 | Anti-social behaviour | On or near Moor Road North | |
| Feb 2024 | Anti-social behaviour | On or near Grove Park Square |