£486,566
This estimated value is based upon the latest sale price for the house of £391,000 on 9 Feb 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £391,000 | 9 Feb 2018 |
| £315,000 | 26 May 2016 |
| £223,500 | 27 Apr 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 150 sq meters or 1,614 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 February 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.442%.Applying this 24.442% change to the original purchase price of £391,000 results in an estimated price of approximately £486,566.
| 9 Feb 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.0 | 24.442 % | £391,000 | £95,566 | £486,566 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 72.160 % | £282,146 | £673,146 |
| 3 Month Average | 23.282 % | £91,031 | £482,031 |
| 6 Month Average | 27.566 % | £107,784 | £498,784 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jan 2023 | £391,561 | £395,000 | 4 GRETTON PLACE |
| 6 Apr 2022 | £333,333 | £325,000 | 53 COTSWOLD GARDENS |
| 29 Sep 2021 | £407,832 | £380,000 | 5 BOUNDARY GARDENS |
| 13 Aug 2021 | £341,944 | £307,750 | 1 LEYBURN DRIVE |
| 16 Oct 2020 | £273,393 | £234,000 | 36 MELVILLE GROVE |
This house has a floor area of 150 sq meters or 1,614 sq feet when measured on 26 Nov 2015. Using an estimated price of £486,567 means this house is valued at £3,243 per sq meter (£301 per sq foot).
The average size of a house on GRETTON PLACE is 254 sq meters (2,736 sq feet).
This house is the smallest in the street with a floor area of 150 sq meters (1,614 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cotswold Gardens |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Stokesley Grove |
| Apr 2024 | Anti-social behaviour | On or near Conway Drive | |
| Apr 2024 | Anti-social behaviour | On or near Conway Drive | |
| Apr 2024 | Drugs | Under investigation | On or near Sports/Recreation Area |