£298,683
This estimated value is based upon the latest sale price for the house of £242,500 on 17 Apr 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £242,500 | 17 Apr 2019 |
| £150,000 | 26 Jun 2006 |
| £147,500 | 4 Apr 2003 |
| £53,000 | 8 Feb 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 133 sq meters or 1,431 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 April 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.169%.Applying this 23.169% change to the original purchase price of £242,500 results in an estimated price of approximately £298,683.
| 17 Apr 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.0 | 23.169 % | £242,500 | £56,183 | £298,683 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -12.015 % | £-29,136 | £213,363 |
| 3 Month Average | 28.137 % | £68,231 | £310,731 |
| 6 Month Average | 16.317 % | £39,568 | £282,068 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £282,719 | £281,000 | 8 ONSLOW GARDENS |
| 3 Feb 2023 | £324,465 | £326,000 | 1 ONSLOW GARDENS |
| 25 Oct 2022 | £331,325 | £336,250 | 9 WESTMORLAND GARDENS |
| 27 May 2022 | £383,704 | £378,000 | 17 ALBERT DRIVE |
| 27 May 2022 | £270,674 | £266,650 | 19 CEDAR CRESCENT |
This house has a floor area of 133 sq meters or 1,431 sq feet when measured on 25 Oct 2018. Using an estimated price of £298,684 means this house is valued at £2,245 per sq meter (£208 per sq foot).
The average size of a house on MYRTLE GROVE is 151 sq meters (1,632 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Myrtle Grove |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Coleridge Avenue |
| Mar 2024 | Other crime | Awaiting court outcome | On or near Coleridge Avenue |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Well Lane |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Well Lane |