£210,736
This estimated value is based upon the latest sale price for the house of £135,000 on 14 Sep 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 |
|---|---|
| £135,000 | 14 Sep 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 September 2007 the House Price Index for TYNE AND WEAR was 95.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.101%.Applying this 56.101% change to the original purchase price of £135,000 results in an estimated price of approximately £210,736.
| 14 Sep 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.2 | 148.6 | 56.101 % | £135,000 | £75,736 | £210,736 |
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 | 64.744 % | £87,404 | £222,404 |
| 3 Month Average | 35.841 % | £48,385 | £183,385 |
| 6 Month Average | 16.678 % | £22,515 | £157,515 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jul 2023 | £712,591 | £703,000 | 16 QUEENS ROAD |
| 5 Jun 2023 | £263,188 | £260,000 | FLAT C 38 GROSVENOR PLACE |
| 24 Mar 2023 | £1,564,742 | £1,550,000 | 25 QUEENS TERRACE |
| 20 Mar 2023 | £853,037 | £845,000 | 45 QUEENS TERRACE |
| 18 Mar 2021 | £286,069 | £257,000 | FLAT 1 4 QUEENS TERRACE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 14 Jun 2019. Using an estimated price of £210,737 means this house is valued at £3,831 per sq meter (£355 per sq foot).
The average size of a house on GROSVENOR PLACE is 143 sq meters (1,545 sq feet).