£278,482
This estimated value is based upon the latest sale price for the house of £79,000 on 28 Mar 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £79,000 | 28 Mar 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 March 2001 the House Price Index for TYNE AND WEAR was 42.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 252.510%.Applying this 252.510% change to the original purchase price of £79,000 results in an estimated price of approximately £278,482.
| 28 Mar 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.5 | 149.7 | 252.510 % | £79,000 | £199,482 | £278,482 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 205.919 % | £162,675 | £241,675 |
| 3 Month Average | 208.950 % | £165,070 | £244,070 |
| 6 Month Average | 213.541 % | £168,697 | £247,697 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £170,324 | £166,000 | 6 ASHGILL MEWS |
| 24 Mar 2023 | £290,857 | £286,000 | 20 STONEFOLD CLOSE |
| 15 Jul 2022 | £212,126 | £210,000 | 1 THIRLINGTON CLOSE |
| 30 Nov 2021 | £222,425 | £204,150 | 2 CROSSLANDS COURT |
| 3 Sep 2021 | £148,723 | £137,000 | 5 ASHGILL MEWS |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 1 Apr 2014. Using an estimated price of £278,483 means this house is valued at £3,616 per sq meter (£335 per sq foot).
The average size of a house on MELKINGTON COURT is 104 sq meters (1,120 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Investigation complete; no suspect identified | On or near Ashgill Mews |
| Sep 2024 | Anti-social behaviour | On or near Pallinsburn Court | |
| Sep 2024 | Anti-social behaviour | On or near Pallinsburn Court | |
| Oct 2024 | Other crime | Investigation complete; no suspect identified | On or near Histon Way |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lampeter Close |