£364,292
This estimated value is based upon the latest sale price for the house of £75,000 on 30 Jan 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 30 Jan 1998 |
| Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 1998 the House Price Index for TYNE AND WEAR was 30.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 385.724%.Applying this 385.724% change to the original purchase price of £75,000 results in an estimated price of approximately £364,292.
| 30 Jan 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.8 | 149.7 | 385.724 % | £75,000 | £289,292 | £364,292 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 130.692 % | £98,018 | £173,018 |
| 3 Month Average | 264.120 % | £198,090 | £273,090 |
| 6 Month Average | 268.131 % | £201,098 | £276,098 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2024 | £262,278 | £260,000 | 73 MALVERN ROAD |
| 30 Jun 2023 | £331,646 | £325,000 | 1 WESTBURY ROAD |
| 12 Apr 2023 | £392,338 | £385,000 | 21 WENLOCK DRIVE |
| 27 Jan 2023 | £310,831 | £310,000 | 35 CLEEHILL DRIVE |
| 31 May 2022 | £379,897 | £370,000 | 28 WENLOCK DRIVE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 9 Jun 2014. Using an estimated price of £364,293 means this house is valued at £3,223 per sq meter (£299 per sq foot).
The average size of a house on MALVERN ROAD is 102 sq meters (1,102 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Public order | Under investigation | On or near Westbury Road |
| Apr 2024 | Anti-social behaviour | On or near Langdon Close | |
| Apr 2024 | Anti-social behaviour | On or near Langdon Close | |
| Apr 2024 | Anti-social behaviour | On or near Langdon Close | |
| Apr 2024 | Anti-social behaviour | On or near Langdon Close |