£117,513
This estimated value is based upon the latest sale price for the house of £85,000 on 15 Jan 2016. 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 | 15 Jan 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 33 sq meters or 355 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 2016 the House Price Index for TYNE AND WEAR was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £85,000 results in an estimated price of approximately £117,513.
| 15 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £85,000 | £32,513 | £117,513 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 70.638 % | £60,042 | £145,042 |
| 3 Month Average | 72.755 % | £61,841 | £146,841 |
| 6 Month Average | 38.601 % | £32,811 | £117,811 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jun 2024 | £46,000 | £46,000 | 174 HEATON ROAD |
| 15 Dec 2023 | £361,096 | £350,000 | 30 ROTHBURY TERRACE |
| 17 Nov 2023 | £128,256 | £125,000 | 54 MELDON TERRACE |
| 22 Sep 2023 | £174,088 | £170,250 | 40 MELDON TERRACE |
| 14 Sep 2023 | £158,494 | £155,000 | 184 HEATON ROAD |
This house has a floor area of 33 sq meters or 355 sq feet when measured on 28 May 2015. Using an estimated price of £117,514 means this house is valued at £3,561 per sq meter (£330 per sq foot).
The average size of a house on MELDON TERRACE is 108 sq meters (1,171 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Vehicle crime | Under investigation | On or near Heaton Road |
| Nov 2024 | Public order | Under investigation | On or near Heaton Road |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Heaton Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Heaton Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Heaton Road |