£197,306
This estimated value is based upon the latest sale price for the house of £145,000 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,000 | 31 Mar 2016 |
| £31,500 | 25 Apr 2001 |
| Terraced |
| Freehold |
| Floor Area: 163 sq meters or 1,754 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 March 2016 the House Price Index for TYNE AND WEAR was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £145,000 results in an estimated price of approximately £197,306.
| 31 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £145,000 | £52,306 | £197,306 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 48.549 % | £70,396 | £215,396 |
| 3 Month Average | 43.779 % | £63,479 | £208,479 |
| 6 Month Average | 20.751 % | £30,088 | £175,088 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £478,958 | £470,000 | 1 BISHOPS AVENUE |
| 3 Mar 2023 | £228,821 | £225,000 | 1 CHELSEA GROVE |
| 3 Feb 2023 | £47,316 | £47,000 | 13 TAMWORTH ROAD |
| 30 Jun 2022 | £61,311 | £60,000 | FLAT B 7 WELLESLEY TERRACE |
| 30 Jun 2022 | £61,311 | £60,000 | FLAT A 7 WELLESLEY TERRACE |
This house has a floor area of 163 sq meters or 1,754 sq feet when measured on 18 Mar 2014. Using an estimated price of £197,307 means this house is valued at £1,210 per sq meter (£112 per sq foot).
The average size of a house on CHELSEA GROVE is 173 sq meters (1,863 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Chelsea Grove |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Chelsea Grove |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chelsea Grove |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Chelsea Grove |
| Jul 2024 | Drugs | Under investigation | On or near Chelsea Grove |