£262,487
This estimated value is based upon the latest sale price for the house of £140,000 on 15 Apr 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£140,000 | 15 Apr 2009 |
£59,000 | 30 Jun 1998 |
£25,000 | 19 Apr 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 59 sq meters or 635 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 April 2009 the House Price Index for TYNE AND WEAR was 79.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 87.491%.Applying this 87.491% change to the original purchase price of £140,000 results in an estimated price of approximately £262,487.
15 Apr 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
79.8 | 149.7 | 87.491 % | £140,000 | £122,487 | £262,487 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 124.602 % | £174,442 | £314,442 |
3 Month Average | 50.411 % | £70,575 | £210,575 |
6 Month Average | 39.306 % | £55,028 | £195,028 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Dec 2023 | £355,937 | £345,000 | 8 GROSVENOR AVENUE |
6 Oct 2023 | £255,810 | £250,000 | 84 GROSVENOR ROAD |
6 Oct 2023 | £255,810 | £250,000 | 86 GROSVENOR ROAD |
16 Jun 2023 | £185,722 | £182,000 | 57 CAVENDISH ROAD |
12 Jun 2023 | £214,294 | £210,000 | 111 GROSVENOR ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 8 Mar 2010. Using an estimated price of £262,488 means this house is valued at £4,448 per sq meter (£413 per sq foot).
The average size of a house on GROSVENOR ROAD is 93 sq meters (1,008 sq feet).