£111,071
This estimated value is based upon the latest sale price for the house of £85,000 on 20 Jan 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £85,000 | 20 Jan 2017 |
| £30,518 | 3 Nov 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 January 2017 the House Price Index for TYNE AND WEAR was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £85,000 results in an estimated price of approximately £111,071.
| 20 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 148.6 | 30.673 % | £85,000 | £26,071 | £111,071 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 45.285 % | £38,492 | £123,492 |
| 3 Month Average | 16.516 % | £14,038 | £99,038 |
| 6 Month Average | 26.657 % | £22,658 | £107,658 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £202,452 | £200,000 | 27 EDWIN GROVE |
| 17 Mar 2023 | £166,569 | £165,000 | 5 EDWIN GROVE |
| 24 Jan 2023 | £77,634 | £78,000 | 23 EDWIN GROVE |
| 19 Jan 2023 | £80,620 | £81,000 | 85 COLDSTREAM GARDENS |
| 18 Oct 2022 | £94,483 | £95,500 | 8 HAZELWOOD TERRACE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 15 Apr 2016. Using an estimated price of £111,072 means this house is valued at £1,564 per sq meter (£145 per sq foot).
The average size of a house on TYNEMOUTH ROAD is 82 sq meters (885 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Tynemouth Road | |
| Mar 2024 | Violence and sexual offences | Offender given a caution | On or near Tynemouth Road |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Tynemouth Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Tynemouth Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Tynemouth Road |