£885,625
This estimated value is based upon the latest sale price for the house of £832,500 on 30 Sep 2021. 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 Elmfield Road
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| Price Paid | Date |
|---|---|
| £832,500 | 30 Sep 2021 |
| £512,000 | 22 Aug 2014 |
| £220,000 | 28 Jun 2002 |
| Detached |
| Freehold |
| Floor Area: 78 sq meters or 845 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 6.381%.Applying this 6.381% change to the original purchase price of £832,500 results in an estimated price of approximately £885,625.
| 30 Sep 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 146.7 | 6.381 % | £832,500 | £53,125 | £885,625 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 13.694 % | £114,002 | £946,502 |
| 3 Month Average | -3.240 % | £-26,970 | £805,529 |
| 6 Month Average | -5.504 % | £-45,820 | £786,679 |
This house has a floor area of 78 sq meters or 845 sq feet when measured on 4 Jan 2010.
There is one other house on the street which we know the size of, this is LITTLE ELMS PARKER AVENUE it is 606.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Elmfield Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Meadowfield Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Meadowfield Road |
| Dec 2023 | Anti-social behaviour | On or near Meadowfield Road | |
| Dec 2023 | Anti-social behaviour | On or near Meadowfield Road |