£227,822
This estimated value is based upon the latest sale price for the house of £190,000 on 21 Aug 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £190,000 | 21 Aug 2020 |
| £179,950 | 14 Nov 2008 |
| £43,022 | 2 Dec 2002 |
| £90,000 | 10 Aug 2001 |
| Semi-Detached |
| Leasehold |
| Floor Area: 96 sq meters or 1,033 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 August 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £190,000 results in an estimated price of approximately £227,822.
| 21 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £190,000 | £37,822 | £227,822 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -12.124 % | £-23,036 | £166,963 |
| 3 Month Average | -10.743 % | £-20,411 | £169,588 |
| 6 Month Average | 8.461 % | £16,075 | £206,075 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Jun 2023 | £123,496 | £122,000 | 27 GLENHURST DRIVE |
| 25 Apr 2023 | £130,404 | £129,000 | 12 GILMORE CLOSE |
| 27 Mar 2023 | £196,855 | £195,000 | 17 GREYSTEAD CLOSE |
| 12 Jan 2023 | £353,336 | £355,000 | 50 HARTBURN DRIVE |
| 21 Oct 2022 | £192,923 | £195,000 | 17 GLENWOOD WALK |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 10 Feb 2020. Using an estimated price of £227,823 means this house is valued at £2,373 per sq meter (£220 per sq foot).
The average size of a house on GREYSTEAD CLOSE is 105 sq meters (1,133 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Greystead Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Goodwood Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gracefield Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Gracefield Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Glendale Close |