£365,651
This estimated value is based upon the latest sale price for the house of £249,950 on 15 Jun 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£249,950 | 15 Jun 2015 |
£155,000 | 19 Sep 2003 |
Terraced |
Freehold |
Floor Area: 158 sq meters or 1,700 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £249,950 results in an estimated price of approximately £365,651.
15 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
102.3 | 149.7 | 46.290 % | £249,950 | £115,701 | £365,651 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -13.062 % | £-32,647 | £217,302 |
3 Month Average | 1.794 % | £4,485 | £254,435 |
6 Month Average | 1.035 % | £2,586 | £252,536 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Apr 2024 | £105,920 | £105,000 | 12 GLENSIDE COURT BRECKENBEDS ROAD |
7 Mar 2024 | £157,419 | £155,000 | 15 OTTERBURN GARDENS |
24 Nov 2023 | £333,978 | £325,500 | 9 ALVERSTONE AVENUE |
23 Oct 2023 | £235,345 | £230,000 | 38 OTTERBURN GARDENS |
15 Sep 2023 | £58,285 | £57,000 | 4 BRECKEN COURT SALTWELL ROAD SOUTH |
This house has a floor area of 158 sq meters or 1,700 sq feet when measured on 17 Feb 2015. Using an estimated price of £365,652 means this house is valued at £2,314 per sq meter (£215 per sq foot).
The average size of a house on GRANTHAM DRIVE is 127 sq meters (1,367 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Other crime | Under investigation | On or near Grantham Drive |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grantham Drive |
May 2024 | Possession of weapons | Under investigation | On or near Grantham Drive |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Grantham Drive |
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Alverstone Avenue |