£793,985
This estimated value is based upon the latest sale price for the house of £540,000 on 8 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £540,000 | 8 May 2015 |
| £535,000 | 27 Mar 2008 |
| £125,000 | 30 Jan 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 159 sq meters or 1,711 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 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £540,000 results in an estimated price of approximately £793,985.
| 8 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £540,000 | £253,985 | £793,985 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 32.680 % | £176,472 | £716,472 |
| 3 Month Average | 36.648 % | £197,901 | £737,901 |
| 6 Month Average | 29.521 % | £159,411 | £699,411 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £379,342 | £372,500 | 35 ELMFIELD GROVE |
| 25 Aug 2023 | £650,228 | £638,500 | 3 ELMFIELD GARDENS |
| 6 Mar 2023 | £1,220,380 | £1,200,000 | 59 KENTON ROAD |
| 28 Oct 2022 | £360,951 | £362,157 | 37 ELMFIELD GARDENS |
| 1 Jun 2022 | £270,788 | £265,000 | 30 OAKFIELD TERRACE |
This house has a floor area of 159 sq meters or 1,711 sq feet when measured on 27 Feb 2015. Using an estimated price of £793,986 means this house is valued at £4,993 per sq meter (£463 per sq foot).
The average size of a house on ELMFIELD PARK is 283 sq meters (3,049 sq feet).
This house is the smallest in the street with a floor area of 159 sq meters (1,711 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Elgy Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Further/Higher Educational Building |
| Apr 2024 | Anti-social behaviour | On or near Oakfield Terrace | |
| Apr 2024 | Anti-social behaviour | On or near Oakfield Terrace | |
| Apr 2024 | Anti-social behaviour | On or near Oakfield Terrace |