£299,013
This estimated value is based upon the latest sale price for the house of £175,000 on 26 Jun 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £175,000 | 26 Jun 2012 |
| £148,000 | 4 Nov 2011 |
| £59,500 | 1 May 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 785 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 June 2012 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.865%.Applying this 70.865% change to the original purchase price of £175,000 results in an estimated price of approximately £299,013.
| 26 Jun 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 149.7 | 70.865 % | £175,000 | £124,013 | £299,013 |
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 | 49.389 % | £86,430 | £261,430 |
| 3 Month Average | 57.691 % | £100,959 | £275,959 |
| 6 Month Average | 62.650 % | £109,637 | £284,637 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Apr 2024 | £279,427 | £277,000 | 16 LANGDALE |
| 8 Sep 2023 | £224,959 | £220,000 | 34 ALDER GROVE |
| 3 Feb 2023 | £276,849 | £275,000 | 44 LANGDALE |
| 11 Nov 2022 | £333,441 | £335,000 | 35 DENEHOLM |
| 21 Jun 2022 | £470,048 | £460,000 | 32 ALDER GROVE |
This house has a floor area of 72 sq meters or 785 sq feet when measured on 24 Feb 2012. Using an estimated price of £299,013 means this house is valued at £4,100 per sq meter (£380 per sq foot).
The average size of a house on ALDER GROVE is 99 sq meters (1,076 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Alder Grove | |
| Aug 2024 | Anti-social behaviour | On or near Alder Grove | |
| Aug 2024 | Anti-social behaviour | On or near Alder Grove | |
| Oct 2024 | Drugs | Investigation complete; no suspect identified | On or near The Green |
| Oct 2024 | Drugs | Under investigation | On or near The Green |