£393,528
This estimated value is based upon the latest sale price for the house of £249,000 on 25 Apr 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £249,000 | 25 Apr 2008 |
| Semi-Detached |
| Freehold |
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 April 2008 the House Price Index for TYNE AND WEAR was 93.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 58.044%.Applying this 58.044% change to the original purchase price of £249,000 results in an estimated price of approximately £393,528.
| 25 Apr 2008 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.6 | 148.0 | 58.044 % | £249,000 | £144,528 | £393,528 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 118.574 % | £295,249 | £544,249 |
| 3 Month Average | 13.514 % | £33,649 | £282,649 |
| 6 Month Average | 14.517 % | £36,146 | £285,146 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £284,228 | £282,500 | 31 GRANGE ROAD |
| 27 Apr 2023 | £261,947 | £260,000 | 94 NEWMINSTER ROAD |
| 25 Mar 2022 | £259,052 | £251,000 | 52A GRANGE ROAD |
| 18 Mar 2022 | £281,241 | £272,500 | 21 NEWMINSTER ROAD |
| 10 Sep 2021 | £284,409 | £265,000 | 38 NEWMINSTER ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Awaiting court outcome | On or near Grange Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grange Road |
| Mar 2024 | Burglary | Under investigation | On or near Newminster Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Newminster Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Newminster Road |