£771,212
This estimated value is based upon the latest sale price for the house of £420,000 on 23 Jul 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £420,000 | 23 Jul 2009 |
| £232,000 | 1 Dec 2003 |
| £25,000 | 30 Apr 1999 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 667 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 2009 the House Price Index for TYNE AND WEAR was 81.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 83.622%.Applying this 83.622% change to the original purchase price of £420,000 results in an estimated price of approximately £771,212.
| 23 Jul 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 149.7 | 83.622 % | £420,000 | £351,212 | £771,212 |
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 | 123.460 % | £518,531 | £938,531 |
| 3 Month Average | 63.880 % | £268,296 | £688,296 |
| 6 Month Average | 48.127 % | £202,133 | £622,133 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £50,780 | £50,000 | FLAT 1 WAVERLEY LODGE, 162 - 170 SANDYFORD ROAD |
| 3 Nov 2023 | £956,787 | £932,500 | 88 GRANTHAM ROAD |
| 5 Jun 2023 | £193,885 | £190,000 | 44 HELMSLEY ROAD |
| 9 Mar 2023 | £142,378 | £140,000 | 3 PORTLAND MEWS |
| 4 Jan 2023 | £145,388 | £145,000 | 4 PORTLAND MEWS |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 17 Nov 2018. Using an estimated price of £771,212 means this house is valued at £12,438 per sq meter (£1,155 per sq foot).
The average size of a house on GRANTHAM ROAD is 82 sq meters (884 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grantham Road |
| May 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Portland Mews |