£172,108
This estimated value is based upon the latest sale price for the house of £119,000 on 3 Jun 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 |
|---|---|
| £119,000 | 3 Jun 2015 |
| £46,950 | 15 Sep 1999 |
| £43,950 | 10 Jul 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 44.629%.Applying this 44.629% change to the original purchase price of £119,000 results in an estimated price of approximately £172,108.
| 3 Jun 2015 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.0 | 44.629 % | £119,000 | £53,108 | £172,108 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 40.048 % | £47,657 | £166,657 |
| 3 Month Average | 28.012 % | £33,334 | £152,334 |
| 6 Month Average | 23.307 % | £27,735 | £146,735 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £134,223 | £132,500 | 37 FERNDENE GROVE |
| 3 Apr 2023 | £125,935 | £124,999 | 30 BENTON ROAD |
| 17 Sep 2022 | £158,077 | £160,000 | 4 GUELDER ROAD |
| 14 Sep 2022 | £100,774 | £102,000 | 3 GUELDER ROAD |
| 26 Aug 2022 | £161,211 | £162,300 | 125 FERNDENE GROVE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 12 Jun 2015. Using an estimated price of £172,108 means this house is valued at £2,357 per sq meter (£219 per sq foot).
The average size of a house on FERNDENE GROVE is 70 sq meters (761 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Cornel Road |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Cornel Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Cornel Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Cornel Road |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Birchwood Avenue |