£726,044
This estimated value is based upon the latest sale price for the house of £485,000 on 16 Jan 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Grove Park Crescent
More crime details
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| Price Paid | Date |
|---|---|
| £485,000 | 16 Jan 2015 |
| £370,000 | 12 Apr 2005 |
| Flats/Maisonettes |
| Leasehold |
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 January 2015 the House Price Index for TYNE AND WEAR was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £485,000 results in an estimated price of approximately £726,044.
| 16 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £485,000 | £241,044 | £726,044 |
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 | 27.961 % | £135,609 | £620,609 |
| 3 Month Average | 47.028 % | £228,085 | £713,085 |
| 6 Month Average | 34.200 % | £165,871 | £650,871 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Oct 2023 | £148,370 | £145,000 | 3 GROVE PARK OVAL |
| 20 Mar 2023 | £249,161 | £245,000 | 50 GROVE PARK OVAL |
| 1 Mar 2023 | £169,836 | £167,000 | 12 GROVE PARK OVAL |
| 24 Oct 2022 | £532,222 | £534,000 | 38 GROVE PARK OVAL |
| 1 Apr 2022 | £210,597 | £203,000 | 62 GROVE PARK OVAL |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Awaiting court outcome | On or near Grove Park Crescent |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grove Park Avenue |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Grove Park Avenue |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grove Park Avenue |
| Jul 2024 | Anti-social behaviour | On or near Grove Park Square |