£253,715
This estimated value is based upon the latest sale price for the house of £150,000 on 21 Dec 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Grenada Close
More crime details
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| Price Paid | Date |
|---|---|
| £150,000 | 21 Dec 2012 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 73 sq meters or 785 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 December 2012 the House Price Index for TYNE AND WEAR was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £150,000 results in an estimated price of approximately £253,715.
| 21 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.6 | 69.144 % | £150,000 | £103,715 | £253,715 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 36.589 % | £54,883 | £204,883 |
| 3 Month Average | 51.381 % | £77,071 | £227,071 |
| 6 Month Average | 39.560 % | £59,339 | £209,339 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £380,635 | £375,000 | 15 HAMILTON DRIVE |
| 24 Feb 2023 | £384,741 | £385,000 | 2 HAMILTON WAY |
| 5 Aug 2022 | £398,876 | £399,950 | 24 HAMILTON DRIVE |
| 10 Jun 2022 | £552,812 | £545,000 | 12 GRENADA DRIVE |
| 22 Dec 2021 | £401,766 | £375,000 | 10 ST VINCENTS WAY |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 1 Oct 2012. Using an estimated price of £253,716 means this house is valued at £3,475 per sq meter (£322 per sq foot).
The average size of a house on GRENADA DRIVE is 85 sq meters (923 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Grenada Close | |
| Apr 2024 | Anti-social behaviour | On or near Grenada Close | |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Grenada Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Grenada Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hamilton Drive |