£445,811
This estimated value is based upon the latest sale price for the house of £189,000 on 27 Jun 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Musgrave Road
More crime details
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Price Paid | Date |
---|---|
£189,000 | 27 Jun 2003 |
Detached |
Freehold |
Floor Area: 172 sq meters or 1,851 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 June 2003 the House Price Index for TYNE AND WEAR was 63.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 135.879%.Applying this 135.879% change to the original purchase price of £189,000 results in an estimated price of approximately £445,811.
27 Jun 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
63.0 | 148.6 | 135.879 % | £189,000 | £256,811 | £445,811 |
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 | 24.999 % | £47,248 | £236,248 |
3 Month Average | 76.798 % | £145,149 | £334,149 |
6 Month Average | 89.805 % | £169,732 | £358,732 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £248,171 | £246,000 | 14 MUSGRAVE ROAD |
19 Nov 2021 | £343,921 | £318,000 | 15 LAVENDER GARDENS |
28 Sep 2021 | £290,950 | £270,000 | 5 LABURNUM GARDENS |
30 Jun 2021 | £515,004 | £480,000 | 19 WESTOVER GARDENS |
10 Jun 2021 | £458,139 | £427,000 | 12 CLIFTON GARDENS |
This house has a floor area of 172 sq meters or 1,851 sq feet when measured on 15 Apr 2016. Using an estimated price of £445,812 means this house is valued at £2,591 per sq meter (£240 per sq foot).
The average size of a house on MUSGRAVE ROAD is 140 sq meters (1,511 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Musgrave Road |
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Musgrave Road |
Apr 2024 | Burglary | Under investigation | On or near A167 |
Apr 2024 | Violence and sexual offences | Under investigation | On or near A167 |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Clifton Gardens |