£182,874
This estimated value is based upon the latest sale price for the house of £170,250 on 1 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£170,250 | 1 Dec 2023 |
£137,500 | 8 Dec 2021 |
£115,000 | 31 Oct 2014 |
Terraced |
Freehold |
Floor Area: 75 sq meters or 807 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 December 2023 the House Price Index for TYNE AND WEAR was 97.1.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 7.415%.Applying this 7.415% change to the original purchase price of £170,250 results in an estimated price of approximately £182,874.
1 Dec 2023 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
97.1 | 104.3 | 7.415 % | £170,250 | £12,624 | £182,874 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -19.966 % | £-33,991 | £136,258 |
3 Month Average | 19.003 % | £32,352 | £202,602 |
6 Month Average | 3.076 % | £5,237 | £175,487 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 Dec 2024 | £159,906 | £155,000 | 3 TINTERN CRESCENT |
6 Dec 2024 | £172,802 | £167,500 | 17 BUDE GROVE |
22 Oct 2024 | £83,357 | £80,000 | 94 FALMOUTH ROAD |
22 Oct 2024 | £135,455 | £130,000 | 47 FALMOUTH ROAD |
26 Sep 2024 | £157,394 | £150,000 | 43 DEVON ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 14 Sep 2013. Using an estimated price of £182,874 means this house is valued at £2,438 per sq meter (£226 per sq foot).
The average size of a house on SOMERSET GROVE is 115 sq meters (1,245 sq feet).
This house is the smallest in the street with a floor area of 75 sq meters (807 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2025 | Other crime | Under investigation | On or near Somerset Grove |
Mar 2025 | Other crime | Under investigation | On or near Somerset Grove |
Apr 2025 | Violence and sexual offences | Under investigation | On or near Truro Grove |
Jan 2025 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Truro Grove |
Apr 2025 | Violence and sexual offences | Under investigation | On or near Falmouth Road |