£111,997
This estimated value is based upon the latest sale price for the house of £90,000 on 25 Feb 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 |
|---|---|
| £90,000 | 25 Feb 2019 |
| £21,000 | 12 Apr 2001 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 February 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £90,000 results in an estimated price of approximately £111,997.
| 25 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.441 % | £90,000 | £21,997 | £111,997 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 38.142 % | £34,328 | £124,328 |
| 3 Month Average | 28.212 % | £25,391 | £115,391 |
| 6 Month Average | 19.255 % | £17,329 | £107,329 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £121,872 | £120,000 | 17 WESTERN AVENUE |
| 8 Sep 2023 | £108,389 | £106,000 | 5 WESTERN AVENUE |
| 30 Jun 2023 | £178,579 | £175,000 | 136 NORMOUNT ROAD |
| 6 Feb 2023 | £156,042 | £155,000 | 117 NORMOUNT ROAD |
| 23 Dec 2021 | £97,138 | £90,000 | 234 LADYKIRK ROAD |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 18 Jul 2012. Using an estimated price of £111,997 means this house is valued at £1,056 per sq meter (£98 per sq foot).
The average size of a house on BENWELL GROVE is 140 sq meters (1,516 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other crime | Under investigation | On or near Benwell Grove |
| Jul 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Benwell Grove |
| Jul 2024 | Other theft | Under investigation | On or near Benwell Grove |
| Jul 2024 | Other theft | Under investigation | On or near Normount Gardens |
| Jul 2024 | Anti-social behaviour | On or near Normount Gardens |