£188,239
This estimated value is based upon the latest sale price for the house of £120,000 on 28 Apr 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £120,000 | 28 Apr 2014 |
| £74,000 | 22 Sep 2000 |
| £53,000 | 20 Dec 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 2014 the House Price Index for TYNE AND WEAR was 95.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.867%.Applying this 56.867% change to the original purchase price of £120,000 results in an estimated price of approximately £188,239.
| 28 Apr 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 149.7 | 56.867 % | £120,000 | £68,239 | £188,239 |
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 | 104.264 % | £125,117 | £245,117 |
| 3 Month Average | 33.786 % | £40,543 | £160,543 |
| 6 Month Average | 31.103 % | £37,323 | £157,323 |
| 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 58 sq meters or 624 sq feet when measured on 15 Feb 2014. Using an estimated price of £188,240 means this house is valued at £3,245 per sq meter (£301 per sq foot).
The average size of a house on GROSVENOR ROAD is 93 sq meters (1,008 sq feet).