£579,473
This estimated value is based upon the latest sale price for the house of £323,500 on 24 Nov 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£323,500 | 24 Nov 2008 |
Terraced |
Freehold |
Floor Area: 187 sq meters or 2,019 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 November 2008 the House Price Index for TYNE AND WEAR was 83.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 79.126%.Applying this 79.126% change to the original purchase price of £323,500 results in an estimated price of approximately £579,473.
24 Nov 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
83.0 | 148.6 | 79.126 % | £323,500 | £255,973 | £579,473 |
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 | 38.689 % | £125,159 | £448,659 |
3 Month Average | 32.689 % | £105,748 | £429,248 |
6 Month Average | 13.288 % | £42,985 | £366,485 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Sep 2023 | £574,344 | £567,000 | 23 FERN AVENUE |
10 Jul 2023 | £712,591 | £703,000 | 16 QUEENS ROAD |
6 Apr 2023 | £646,966 | £640,000 | 29 HOLLY AVENUE |
16 Nov 2021 | £529,942 | £490,000 | 13 FERN AVENUE |
30 Sep 2021 | £215,518 | £200,000 | FLAT 2 4 GROSVENOR PLACE |
This house has a floor area of 187 sq meters or 2,019 sq feet when measured on 20 Oct 2008. Using an estimated price of £579,474 means this house is valued at £3,088 per sq meter (£286 per sq foot).
The average size of a house on GROSVENOR PLACE is 143 sq meters (1,545 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Grosvenor Place | |
Feb 2024 | Anti-social behaviour | On or near Grosvenor Place |