£143,829
This estimated value is based upon the latest sale price for the house of £91,000 on 10 Aug 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£91,000 | 10 Aug 2007 |
£28,000 | 7 Dec 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 61 sq meters or 656 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 2007 the House Price Index for TYNE AND WEAR was 94.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.054%.Applying this 58.054% change to the original purchase price of £91,000 results in an estimated price of approximately £143,829.
10 Aug 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.7 | 149.7 | 58.054 % | £91,000 | £52,829 | £143,829 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 52.137 % | £47,444 | £138,444 |
3 Month Average | 24.113 % | £21,943 | £112,943 |
6 Month Average | 12.149 % | £11,055 | £102,055 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £159,037 | £155,000 | 29 LISLE GROVE |
16 Jun 2023 | £204,090 | £200,000 | 27 EDWIN GROVE |
17 Mar 2023 | £167,802 | £165,000 | 5 EDWIN GROVE |
24 Feb 2023 | £75,504 | £75,000 | 48 GROSVENOR GARDENS |
24 Jan 2023 | £78,209 | £78,000 | 23 EDWIN GROVE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 20 Mar 2017. Using an estimated price of £143,829 means this house is valued at £2,357 per sq meter (£219 per sq foot).
The average size of a house on GROSVENOR GARDENS is 74 sq meters (802 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Public order | Awaiting court outcome | On or near Grosvenor Gardens |
May 2024 | Criminal damage and arson | Under investigation | On or near Grosvenor Gardens |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grosvenor Gardens |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grosvenor Gardens |