£128,046
This estimated value is based upon the latest sale price for the house of £120,000 on 17 Dec 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £120,000 | 17 Dec 2021 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 December 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.705%.Applying this 6.705% change to the original purchase price of £120,000 results in an estimated price of approximately £128,046.
| 17 Dec 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.0 | 6.705 % | £120,000 | £8,046 | £128,046 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 6.609 % | £7,930 | £127,930 |
| 3 Month Average | 22.045 % | £26,453 | £146,453 |
| 6 Month Average | 11.863 % | £14,235 | £134,235 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £48,926 | £48,000 | 19 CUSHYCOW LANE |
| 8 Dec 2023 | £117,218 | £115,000 | 17 SOUTH GROVE |
| 9 Aug 2023 | £181,101 | £180,000 | 8 HOLBURN WAY |
| 4 Aug 2023 | £120,734 | £120,000 | 15 SOUTH GROVE |
| 20 Mar 2023 | £126,685 | £126,000 | 32 HEDDON VIEW |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 8 Dec 2021. Using an estimated price of £128,046 means this house is valued at £1,438 per sq meter (£133 per sq foot).
The average size of a house on HIGH GROVE is 95 sq meters (1,024 sq feet).
This house is the largest in the street with a floor area of 89 sq meters (957 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near The Crescent |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near South Grove |
| Jan 2024 | Vehicle crime | Under investigation | On or near South Grove |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near South Grove |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near South Grove |