£393,078
This estimated value is based upon the latest sale price for the house of £381,000 on 11 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£381,000 | 11 Dec 2023 |
£316,950 | 7 Apr 2017 |
Detached |
Freehold |
Floor Area: 130 sq meters or 1,399 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 2023 the House Price Index for TYNE AND WEAR was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £381,000 results in an estimated price of approximately £393,078.
11 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.1 | 149.7 | 3.170 % | £381,000 | £12,078 | £393,078 |
The Postcode Pricing Model uses changes in average sales price within the NE13 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 | 441.345 % | £1,681,526 | £2,062,526 |
3 Month Average | 19.011 % | £72,430 | £453,430 |
6 Month Average | -2.428 % | £-9,250 | £371,749 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Dec 2023 | £206,340 | £200,000 | 7 ELMWOOD PARK MEWS |
11 Dec 2023 | £393,079 | £381,000 | 14 ASPENWOOD GROVE |
3 Nov 2023 | £192,896 | £188,000 | 11 ELMWOOD PARK MEWS |
30 Jun 2023 | £551,043 | £540,000 | 33 ASPENWOOD GROVE |
31 Mar 2023 | £381,369 | £375,000 | 31 SIR BOBBY ROBSON WAY |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 27 Mar 2017. Using an estimated price of £393,079 means this house is valued at £3,023 per sq meter (£280 per sq foot).
The average size of a house on ASPENWOOD GROVE is 181 sq meters (1,954 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Under investigation | On or near Oakwood Drive |
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oakwood Drive |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oakwood Drive |
Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Elmwood Park Court |
Jul 2024 | Other crime | Investigation complete; no suspect identified | On or near Sir Bobby Robson Way |