£155,547
This estimated value is based upon the latest sale price for the house of £127,500 on 5 Jun 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £127,500 | 5 Jun 2020 |
| £92,000 | 11 May 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £127,500 results in an estimated price of approximately £155,547.
| 5 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 149.7 | 21.998 % | £127,500 | £28,047 | £155,547 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | 38.476 % | £49,056 | £176,556 |
| 3 Month Average | 19.640 % | £25,041 | £152,541 |
| 6 Month Average | -3.805 % | £-4,850 | £122,649 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £143,156 | £140,000 | 24 MITFORD GARDENS |
| 30 Jun 2023 | £128,577 | £126,000 | 20 MITFORD GARDENS |
| 30 Jun 2023 | £141,843 | £139,000 | 17 ALWINTON GARDENS |
| 24 Mar 2023 | £133,225 | £131,000 | 32 ALWINTON GARDENS |
| 13 May 2022 | £90,097 | £87,750 | 51 ALWINTON GARDENS |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 24 Jan 2020. Using an estimated price of £155,547 means this house is valued at £2,046 per sq meter (£190 per sq foot).
The average size of a house on MITFORD GARDENS is 72 sq meters (783 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Meldon Gardens |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Meldon Gardens |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Consett Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Consett Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Consett Road |