£244,636
This estimated value is based upon the latest sale price for the house of £200,000 on 28 May 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£200,000 | 28 May 2020 |
Semi-Detached |
Freehold |
Floor Area: 94 sq meters or 1,011 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 May 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.318%.Applying this 22.318% change to the original purchase price of £200,000 results in an estimated price of approximately £244,636.
28 May 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 148.6 | 22.318 % | £200,000 | £44,636 | £244,636 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 32.462 % | £64,924 | £264,924 |
3 Month Average | 36.211 % | £72,421 | £272,421 |
6 Month Average | 15.875 % | £31,749 | £231,749 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Jul 2023 | £324,366 | £320,000 | 32 THORNTREE DRIVE |
17 Jan 2022 | £231,530 | £220,000 | 23 MARINA DRIVE |
13 Sep 2021 | £274,786 | £255,000 | 18 MARINA DRIVE |
6 Nov 2020 | £252,739 | £218,000 | 5 MARINA DRIVE |
14 Aug 2020 | £289,275 | £241,250 | 36 MARINA DRIVE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 1 Feb 2020. Using an estimated price of £244,636 means this house is valued at £2,602 per sq meter (£241 per sq foot).
The average size of a house on MELVILLE GARDENS is 101 sq meters (1,093 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Earsdon Road | |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Church Close |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Church Close |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Church Close |
Mar 2024 | Anti-social behaviour | On or near West Monkseaton |