£271,087
This estimated value is based upon the latest sale price for the house of £245,000 on 29 Oct 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £245,000 | 29 Oct 2021 |
| £232,500 | 30 Sep 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 84 sq meters or 904 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 October 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 10.648%.Applying this 10.648% change to the original purchase price of £245,000 results in an estimated price of approximately £271,087.
| 29 Oct 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.6 | 10.648 % | £245,000 | £26,087 | £271,087 |
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 | 42.755 % | £104,749 | £349,749 |
| 3 Month Average | 42.769 % | £104,783 | £349,783 |
| 6 Month Average | 20.996 % | £51,440 | £296,440 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £305,342 | £300,000 | 10 LABURNUM AVENUE |
| 25 Mar 2022 | £243,522 | £235,000 | 15 MARDEN COURT GROSVENOR DRIVE |
| 3 Mar 2022 | £202,071 | £195,000 | 14 MARDEN COURT GROSVENOR DRIVE |
| 28 Feb 2022 | £293,634 | £280,000 | 18 LABURNUM AVENUE |
| 16 Dec 2021 | £203,508 | £189,950 | 6 MARDEN COURT GROSVENOR DRIVE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 26 Apr 2013. Using an estimated price of £271,087 means this house is valued at £3,227 per sq meter (£299 per sq foot).
The average size of a house on GROSVENOR DRIVE is 145 sq meters (1,566 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Jesmond Terrace |
| Mar 2024 | Other crime | Investigation complete; no suspect identified | On or near Laburnum Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Laburnum Avenue |