£1,083,580
This estimated value is based upon the latest sale price for the house of £250,000 on 30 Jul 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £250,000 | 30 Jul 1999 |
| Detached |
| Freehold |
| Floor Area: 267 sq meters or 2,873 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 July 1999 the House Price Index for TYNE AND WEAR was 34.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 333.432%.Applying this 333.432% change to the original purchase price of £250,000 results in an estimated price of approximately £1,083,580.
| 30 Jul 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.3 | 148.6 | 333.432 % | £250,000 | £833,580 | £1,083,580 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | 93.559 % | £233,896 | £483,896 |
| 3 Month Average | 135.875 % | £339,686 | £589,686 |
| 6 Month Average | 150.298 % | £375,744 | £625,744 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £428,751 | £425,000 | 18 THE GROVE |
| 30 Jun 2023 | £180,183 | £178,000 | 5 WINDSOR DRIVE |
| 8 Jun 2023 | £60,736 | £60,000 | 21 BROOKSIDE |
| 1 Mar 2023 | £262,473 | £260,000 | 3 THE GROVE |
| 29 Jul 2022 | £125,337 | £125,000 | 28 BROOKSIDE |
This house has a floor area of 267 sq meters or 2,873 sq feet when measured on 21 Sep 2015. Using an estimated price of £1,083,580 means this house is valued at £4,058 per sq meter (£377 per sq foot).
The average size of a house on THE GROVE is 199 sq meters (2,147 sq feet).
This house is the largest in the street with a floor area of 267 sq meters (2,873 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rainton Grove |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Grove |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near The Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near North Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Bradley Avenue |