£222,390
This estimated value is based upon the latest sale price for the house of £179,950 on 5 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £179,950 | 5 Dec 2019 |
| 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 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £179,950 results in an estimated price of approximately £222,390.
| 5 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £179,950 | £42,440 | £222,390 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 34.297 % | £61,717 | £241,667 |
| 3 Month Average | 20.689 % | £37,230 | £217,180 |
| 6 Month Average | -2.854 % | £-5,136 | £174,813 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £70,156 | £68,000 | 17 WESTGATE AVENUE |
| 29 Aug 2023 | £229,082 | £224,950 | 8 ESSEX GROVE |
| 14 Aug 2023 | £147,663 | £145,000 | 22 WESTGATE AVENUE |
| 12 Jun 2023 | £71,431 | £70,000 | 41 WARWICK TERRACE |
| 20 Apr 2023 | £86,620 | £85,000 | 9 MARGATE STREET |
This house has a floor area of 134 sq meters or 1,442 sq feet when measured on 12 Sep 2019. Using an estimated price of £222,390 means this house is valued at £1,659 per sq meter (£154 per sq foot).
The average size of a house on ESSEX GROVE is 114 sq meters (1,232 sq feet).
This house is the largest in the street with a floor area of 134 sq meters (1,442 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Margate Street |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Margate Street |
| Sep 2024 | Public order | Under investigation | On or near Margate Street |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Margate Street |
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Margate Street |