£398,518
This estimated value is based upon the latest sale price for the house of £390,000 on 30 Jun 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £390,000 | 30 Jun 2022 |
| £160,000 | 9 Mar 2020 |
| £160,000 | 9 Mar 2020 |
| Terraced |
| Freehold |
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 2022 the House Price Index for TYNE AND WEAR was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £390,000 results in an estimated price of approximately £398,518.
| 30 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £390,000 | £8,518 | £398,518 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | -64.995 % | £-253,479 | £136,520 |
| 3 Month Average | -6.303 % | £-24,580 | £365,419 |
| 6 Month Average | 2.884 % | £11,248 | £401,248 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £494,254 | £486,000 | 47 MARINE AVENUE |
| 20 Jan 2023 | £190,509 | £190,000 | 37C MARINE AVENUE |
| 17 Nov 2022 | £368,278 | £370,000 | 10A THE LINKS |
| 1 Jul 2022 | £404,049 | £400,000 | 25 VENTNOR GARDENS |
| 30 Jun 2022 | £398,519 | £390,000 | 7 ELMWOOD GROVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Under investigation | On or near Elmwood Grove |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Elmwood Grove |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Elmwood Grove |
| Sep 2024 | Anti-social behaviour | On or near Elmwood Grove | |
| Aug 2024 | Public order | Under investigation | On or near Elmwood Grove |