£324,872
This estimated value is based upon the latest sale price for the house of £301,001 on 15 Dec 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 |
|---|---|
| £301,001 | 15 Dec 2021 |
| £23,000 | 11 Jun 1999 |
| Terraced |
| Freehold |
| Floor Area: 127 sq meters or 1,367 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 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £301,001 results in an estimated price of approximately £324,872.
| 15 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £301,001 | £23,871 | £324,872 |
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 | 19.126 % | £57,570 | £358,571 |
| 3 Month Average | 52.513 % | £158,063 | £459,064 |
| 6 Month Average | 40.460 % | £121,786 | £422,787 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £108,965 | £107,000 | 25 FENHAM ROAD |
| 28 Feb 2023 | £249,668 | £248,000 | 78 SIDNEY GROVE |
| 20 Jan 2023 | £310,831 | £310,000 | 79 SIDNEY GROVE |
| 11 Aug 2022 | £286,339 | £285,000 | 95 SIDNEY GROVE |
| 18 Jul 2022 | £177,276 | £175,500 | 105 GAINSBOROUGH GROVE |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 10 Apr 2013. Using an estimated price of £324,873 means this house is valued at £2,558 per sq meter (£237 per sq foot).
The average size of a house on SIDNEY GROVE is 129 sq meters (1,389 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Under investigation | On or near Hospital |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gainsbro Grove |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gainsbro Grove |
| Sep 2024 | Anti-social behaviour | On or near Sidney Grove | |
| Sep 2024 | Drugs | Under investigation | On or near Sidney Grove |