£394,998
This estimated value is based upon the latest sale price for the house of £85,000 on 7 Aug 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near The Grove
More crime details
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| Price Paid | Date |
|---|---|
| £85,000 | 7 Aug 1998 |
| Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 August 1998 the House Price Index for TYNE AND WEAR was 31.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 364.704%.Applying this 364.704% change to the original purchase price of £85,000 results in an estimated price of approximately £394,998.
| 7 Aug 1998 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 148.0 | 364.704 % | £85,000 | £309,998 | £394,998 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | 89.464 % | £76,044 | £161,044 |
| 3 Month Average | 104.610 % | £88,918 | £173,918 |
| 6 Month Average | 104.571 % | £88,885 | £173,885 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £427,600 | £425,000 | 18 THE GROVE |
| 27 Jun 2023 | £267,166 | £265,000 | 4 BURN CROOK |
| 27 Jun 2023 | £166,349 | £165,000 | 1 LISTER CLOSE |
| 8 Jun 2023 | £60,490 | £60,000 | 21 BROOKSIDE |
| 1 Mar 2023 | £261,413 | £260,000 | 3 THE GROVE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 22 Nov 2014. Using an estimated price of £394,999 means this house is valued at £4,647 per sq meter (£431 per sq foot).
The average size of a house on DURHAM ROAD is 160 sq meters (1,722 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Grove |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near The Grove |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rainton Grove |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near North Road |
| Apr 2024 | Public order | Under investigation | On or near North Road |