£252,454
This estimated value is based upon the latest sale price for the house of £236,250 on 11 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £236,250 | 11 Jun 2021 |
| £212,510 | 23 May 2014 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 June 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.859%.Applying this 6.859% change to the original purchase price of £236,250 results in an estimated price of approximately £252,454.
| 11 Jun 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.0 | 6.859 % | £236,250 | £16,204 | £252,454 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | -49.133 % | £-116,077 | £120,172 |
| 3 Month Average | -14.066 % | £-33,230 | £203,019 |
| 6 Month Average | 0.601 % | £1,420 | £237,670 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £586,983 | £585,000 | 4 GRANVILLE AVENUE |
| 17 Nov 2023 | £238,056 | £235,000 | 23C ALBERT STREET |
| 11 Jul 2023 | £383,629 | £380,000 | 2A GRANVILLE AVENUE |
| 30 Jun 2023 | £146,185 | £145,000 | 41 EARL STREET |
| 7 Jun 2023 | £272,207 | £270,000 | 53 MILLER CLOSE |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 22 Apr 2014. Using an estimated price of £252,455 means this house is valued at £2,195 per sq meter (£203 per sq foot).
The average size of a house on MILLER CLOSE is 103 sq meters (1,112 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Miller Street |
| Mar 2024 | Other crime | Under investigation | On or near Poplar Grove |
| Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near Poplar Grove |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Poplar Grove |
| Jan 2024 | Public order | Awaiting court outcome | On or near Poplar Grove |