£301,551
This estimated value is based upon the latest sale price for the house of £174,000 on 14 Mar 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £174,000 | 14 Mar 2011 |
| £68,000 | 4 Apr 1996 |
| Semi-Detached |
| Leasehold |
| Floor Area: 94 sq meters or 1,018 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 2011 the House Price Index for TYNE AND WEAR was 86.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.305%.Applying this 73.305% change to the original purchase price of £174,000 results in an estimated price of approximately £301,551.
| 14 Mar 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.4 | 149.7 | 73.305 % | £174,000 | £127,551 | £301,551 |
The Postcode Pricing Model uses changes in average sales price within the NE35 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 | -37.204 % | £-64,734 | £109,265 |
| 3 Month Average | -15.373 % | £-26,748 | £147,251 |
| 6 Month Average | -8.723 % | £-15,177 | £158,822 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £6,293 | £6,150 | 25 FAREHAM GROVE |
| 5 May 2022 | £141,691 | £138,000 | 44 ROMSEY DRIVE |
| 4 May 2022 | £246,420 | £240,000 | 2 HAMBLEDON CLOSE |
| 2 Feb 2022 | £6,207 | £5,875 | 62 FAREHAM GROVE |
| 20 Aug 2021 | £6,603 | £5,875 | 58 FAREHAM GROVE |
This house has a floor area of 94 sq meters or 1,018 sq feet when measured on 3 Aug 2009. Using an estimated price of £301,551 means this house is valued at £3,187 per sq meter (£296 per sq foot).
The average size of a house on FAREHAM GROVE is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Fareham Grove |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Fawley Close |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Hambledon Close |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Eastleigh Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Church View |