£257,606
This estimated value is based upon the latest sale price for the house of £208,500 on 4 Nov 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 |
---|---|
£208,500 | 4 Nov 2019 |
£64,500 | 12 Jan 2000 |
Semi-Detached |
Freehold |
Floor Area: 67 sq meters or 721 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 November 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £208,500 results in an estimated price of approximately £257,606.
4 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 149.7 | 23.552 % | £208,500 | £49,106 | £257,606 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -47.198 % | £-98,407 | £110,092 |
3 Month Average | 7.933 % | £16,539 | £225,039 |
6 Month Average | 4.511 % | £9,406 | £217,906 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Mar 2024 | £255,932 | £252,000 | 25 CRESSWELL CLOSE |
15 Dec 2023 | £277,563 | £269,034 | 13 ARCOT DRIVE |
17 Nov 2023 | £302,683 | £295,000 | 21 BURNT HOUSE ROAD |
30 Mar 2023 | £325,435 | £320,000 | 1 BEAMISH COURT |
22 Feb 2023 | £302,017 | £300,000 | 7 GRINDON CLOSE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 30 Sep 2013. Using an estimated price of £257,607 means this house is valued at £3,844 per sq meter (£357 per sq foot).
The average size of a house on GRINDON CLOSE is 91 sq meters (982 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Under investigation | On or near Grindon Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Grindon Close |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Cresswell Close |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Cresswell Close |
Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Frankland Drive |