£331,808
This estimated value is based upon the latest sale price for the house of £262,000 on 21 Dec 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £262,000 | 21 Dec 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 134 sq meters or 1,442 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 2017 the House Price Index for TYNE AND WEAR was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £262,000 results in an estimated price of approximately £331,808.
| 21 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 149.7 | 26.645 % | £262,000 | £69,808 | £331,808 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 15.200 % | £39,822 | £301,822 |
| 3 Month Average | 27.125 % | £71,067 | £333,067 |
| 6 Month Average | 26.322 % | £68,962 | £330,962 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Oct 2023 | £271,159 | £265,000 | 50 MELVILLE GROVE |
| 27 Jan 2023 | £396,058 | £395,000 | 4 GRETTON PLACE |
| 6 Apr 2022 | £337,162 | £325,000 | 53 COTSWOLD GARDENS |
| 13 Aug 2021 | £345,872 | £307,750 | 1 LEYBURN DRIVE |
| 16 Oct 2020 | £276,533 | £234,000 | 36 MELVILLE GROVE |
This house has a floor area of 134 sq meters or 1,442 sq feet when measured on 3 Dec 2015. Using an estimated price of £331,809 means this house is valued at £2,476 per sq meter (£230 per sq foot).
The average size of a house on MELVILLE GROVE is 128 sq meters (1,383 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Stokesley Grove |
| Jun 2024 | Anti-social behaviour | On or near Conway Drive | |
| Jun 2024 | Anti-social behaviour | On or near Conway Drive | |
| Apr 2024 | Anti-social behaviour | On or near Conway Drive | |
| Apr 2024 | Anti-social behaviour | On or near Conway Drive |