£175,647
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 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £170,250 results in an estimated price of approximately £175,647.
| 1 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £170,250 | £5,397 | £175,647 |
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 | -20.242 % | £-34,462 | £135,787 |
| 3 Month Average | 14.456 % | £24,611 | £194,861 |
| 6 Month Average | -1.672 % | £-2,847 | £167,402 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £152,323 | £151,000 | 14 BUDE GROVE |
| 1 Dec 2023 | £175,647 | £170,250 | 3 SOMERSET GROVE |
| 20 Oct 2023 | £175,997 | £172,000 | 16 BUDE GROVE |
| 17 Feb 2023 | £161,076 | £160,000 | 78 TINTERN CRESCENT |
| 3 Feb 2023 | £322,152 | £320,000 | 28 ABBOTS WAY |
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 £175,647 means this house is valued at £2,341 per sq meter (£217 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 |
|---|---|---|---|
| Aug 2024 | Public order | Under investigation | On or near Truro Grove |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Falmouth Road |
| Aug 2024 | Violence and sexual offences | Awaiting court outcome | On or near Dorset Grove |