£326,065
This estimated value is based upon the latest sale price for the house of £219,000 on 2 Feb 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 |
|---|---|
| £219,000 | 2 Feb 2015 |
| £58,500 | 17 Mar 1997 |
| Terraced |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 February 2015 the House Price Index for TYNE AND WEAR was 100.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.888%.Applying this 48.888% change to the original purchase price of £219,000 results in an estimated price of approximately £326,065.
| 2 Feb 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.5 | 149.7 | 48.888 % | £219,000 | £107,065 | £326,065 |
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 | 35.645 % | £78,062 | £297,062 |
| 3 Month Average | 40.418 % | £88,515 | £307,515 |
| 6 Month Average | 37.977 % | £83,169 | £302,169 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £163,607 | £160,000 | 79 KENILWORTH ROAD |
| 15 Feb 2023 | £296,984 | £295,000 | 68 KENILWORTH ROAD |
| 10 Feb 2023 | £275,440 | £273,600 | 37 MELROSE AVENUE |
| 6 Oct 2022 | £276,078 | £277,000 | 9 WAVERLEY AVENUE |
| 19 Aug 2022 | £429,609 | £427,600 | 43 MELROSE AVENUE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 19 Aug 2014. Using an estimated price of £326,065 means this house is valued at £2,717 per sq meter (£252 per sq foot).
The average size of a house on MELROSE AVENUE is 134 sq meters (1,447 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Kenilworth Road |
| Oct 2024 | Anti-social behaviour | On or near Kensington Gardens |