£209,909
This estimated value is based upon the latest sale price for the house of £177,500 on 1 Sep 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 |
|---|---|
| £177,500 | 1 Sep 2020 |
| £72,950 | 5 Dec 2001 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 September 2020 the House Price Index for TYNE AND WEAR was 125.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £177,500 results in an estimated price of approximately £209,909.
| 1 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.0 | 18.259 % | £177,500 | £32,409 | £209,909 |
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 | -21.064 % | £-37,388 | £140,111 |
| 3 Month Average | 8.196 % | £14,548 | £192,048 |
| 6 Month Average | 11.224 % | £19,922 | £197,422 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £170,576 | £170,000 | 20 WILSONS LANE |
| 16 Nov 2023 | £232,991 | £230,000 | 1 BELLE VUE GROVE |
| 27 Jun 2023 | £85,695 | £85,000 | 537 DURHAM ROAD |
| 27 Jun 2023 | £151,226 | £150,000 | 541 - 543 DURHAM ROAD |
| 22 Jun 2023 | £408,311 | £405,000 | 482 DURHAM ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 25 Feb 2020. Using an estimated price of £209,909 means this house is valued at £2,559 per sq meter (£237 per sq foot).
The average size of a house on ELDER GROVE is 84 sq meters (906 sq feet).
This house is the largest in the street with a floor area of 82 sq meters (882 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Shoplifting | Under investigation | On or near Elder Grove |
| Apr 2024 | Shoplifting | Awaiting court outcome | On or near Elder Grove |
| Apr 2024 | Shoplifting | Under investigation | On or near Elder Grove |
| Apr 2024 | Shoplifting | Under investigation | On or near Elder Grove |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Elder Grove |