£173,161
This estimated value is based upon the latest sale price for the house of £112,000 on 23 May 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £112,000 | 23 May 2014 |
| £106,000 | 4 Jul 2008 |
| Terraced |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 May 2014 the House Price Index for TYNE AND WEAR was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £112,000 results in an estimated price of approximately £173,161.
| 23 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £112,000 | £61,161 | £173,161 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 16.121 % | £18,055 | £130,055 |
| 3 Month Average | 7.872 % | £8,816 | £120,816 |
| 6 Month Average | 9.868 % | £11,052 | £123,052 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £119,266 | £117,500 | 11 CAMBRIDGE CRESCENT |
| 29 Sep 2023 | £118,515 | £117,000 | 5 HELMSLEY CLOSE |
| 30 Jun 2023 | £129,569 | £128,000 | 6 GRANGEWOOD COURT |
| 30 Jun 2023 | £116,916 | £115,500 | 7 GRANGEWOOD COURT |
| 5 Apr 2023 | £106,143 | £105,000 | 5 GRETA AVENUE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 26 Jan 2014. Using an estimated price of £173,162 means this house is valued at £1,532 per sq meter (£142 per sq foot).
The average size of a house on GRETA AVENUE is 170 sq meters (1,835 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Washington Highway | |
| Mar 2024 | Anti-social behaviour | On or near Washington Highway | |
| Feb 2024 | Anti-social behaviour | On or near Washington Highway | |
| Feb 2024 | Anti-social behaviour | On or near Washington Highway | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Washington Highway |