£185,006
This estimated value is based upon the latest sale price for the house of £150,000 on 26 Jul 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £150,000 | 26 Jul 2019 |
| £131,000 | 29 Jul 2013 |
| Terraced |
| Freehold |
| 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 July 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £150,000 results in an estimated price of approximately £185,006.
| 26 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £150,000 | £35,006 | £185,006 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -12.785 % | £-19,176 | £130,823 |
| 3 Month Average | 11.248 % | £16,871 | £166,871 |
| 6 Month Average | 11.761 % | £17,641 | £167,641 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £157,007 | £155,000 | 80 BEACON LOUGH ROAD |
| 25 Aug 2023 | £161,362 | £159,950 | 56 GRISEDALE GARDENS |
| 21 Aug 2023 | £131,147 | £130,000 | 133 GRISEDALE GARDENS |
| 21 Apr 2023 | £141,524 | £140,000 | 2 GRISEDALE GARDENS |
| 21 Apr 2023 | £171,850 | £170,000 | 42 GRISEDALE GARDENS |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 6 Aug 2012. Using an estimated price of £185,006 means this house is valued at £1,989 per sq meter (£184 per sq foot).
The average size of a house on GRISEDALE GARDENS is 80 sq meters (865 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Grisedale Gardens |
| Apr 2024 | Drugs | Under investigation | On or near Grisedale Gardens |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Grisedale Gardens |
| Mar 2024 | Other theft | Under investigation | On or near Grisedale Gardens |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Grisedale Gardens |