£262,758
This estimated value is based upon the latest sale price for the house of £155,000 on 10 Jan 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £155,000 | 10 Jan 2013 |
| £66,250 | 6 Dec 1996 |
| Semi-Detached |
| Leasehold |
| Floor Area: 93 sq meters or 1,001 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 January 2013 the House Price Index for TYNE AND WEAR was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.521%.Applying this 69.521% change to the original purchase price of £155,000 results in an estimated price of approximately £262,758.
| 10 Jan 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.6 | 69.521 % | £155,000 | £107,758 | £262,758 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -35.029 % | £-54,295 | £100,704 |
| 3 Month Average | 15.989 % | £24,782 | £179,782 |
| 6 Month Average | 10.717 % | £16,611 | £171,611 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £225,844 | £222,500 | 29 GRANGE PARK AVENUE |
| 14 Aug 2023 | £277,427 | £275,000 | 19 GRANGE VIEW |
| 4 Aug 2023 | £232,030 | £230,000 | 21 EAST GRANGE |
| 30 Sep 2021 | £274,786 | £255,000 | 18 THOMPSON ROAD |
| 30 Sep 2021 | £248,924 | £231,000 | 15 EAST GRANGE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 17 Jul 2013. Using an estimated price of £262,758 means this house is valued at £2,825 per sq meter (£262 per sq foot).
The average size of a house on GRANGE VIEW is 116 sq meters (1,254 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Newcastle Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lamara Drive |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lamara Drive |
| Feb 2024 | Anti-social behaviour | On or near Joannah Street | |
| Feb 2024 | Anti-social behaviour | On or near Joannah Street |