£118,815
This estimated value is based upon the latest sale price for the house of £50,001 on 16 Jun 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£50,001 | 16 Jun 2003 |
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 June 2003 the House Price Index for TYNE AND WEAR was 63.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 137.625%.Applying this 137.625% change to the original purchase price of £50,001 results in an estimated price of approximately £118,815.
16 Jun 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
63.0 | 149.7 | 137.625 % | £50,001 | £68,814 | £118,815 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 199.299 % | £99,651 | £149,652 |
3 Month Average | 151.210 % | £75,606 | £125,607 |
6 Month Average | 136.902 % | £68,452 | £118,453 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £159,037 | £155,000 | 29 LISLE GROVE |
16 Jun 2023 | £204,090 | £200,000 | 27 EDWIN GROVE |
17 Mar 2023 | £167,802 | £165,000 | 5 EDWIN GROVE |
24 Feb 2023 | £75,504 | £75,000 | 48 GROSVENOR GARDENS |
24 Jan 2023 | £78,209 | £78,000 | 23 EDWIN GROVE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 29 Jun 2012. Using an estimated price of £118,815 means this house is valued at £2,160 per sq meter (£200 per sq foot).
The average size of a house on GROSVENOR GARDENS is 74 sq meters (802 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Public order | Awaiting court outcome | On or near Grosvenor Gardens |
May 2024 | Criminal damage and arson | Under investigation | On or near Grosvenor Gardens |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grosvenor Gardens |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grosvenor Gardens |