£403,106
This estimated value is based upon the latest sale price for the house of £215,000 on 21 Apr 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £215,000 | 21 Apr 2009 |
| Detached |
| Freehold |
| Floor Area: 105 sq meters or 1,134 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 April 2009 the House Price Index for TYNE AND WEAR was 79.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 87.491%.Applying this 87.491% change to the original purchase price of £215,000 results in an estimated price of approximately £403,106.
| 21 Apr 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 149.7 | 87.491 % | £215,000 | £188,106 | £403,106 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 21.269 % | £45,727 | £260,727 |
| 3 Month Average | 41.418 % | £89,049 | £304,049 |
| 6 Month Average | 27.716 % | £59,589 | £274,589 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 May 2024 | £278,500 | £278,500 | 50 DANBY CLOSE |
| 20 Jan 2023 | £38,102 | £38,000 | 24 RICKLETON VILLAGE CENTRE |
| 15 Jul 2022 | £404,049 | £400,000 | 24 ROOKHOPE |
| 29 Jun 2022 | £61,643 | £60,325 | 10 RICKLETON VILLAGE CENTRE |
| 30 May 2022 | £400,432 | £390,000 | 16 FOREST DRIVE |
This house has a floor area of 105 sq meters or 1,134 sq feet when measured on 29 Jan 2009. Using an estimated price of £403,106 means this house is valued at £3,824 per sq meter (£355 per sq foot).
The average size of a house on GRASSLEES is 158 sq meters (1,709 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Forest Drive |
| Oct 2024 | Vehicle crime | Under investigation | On or near Rookhope |
| Jul 2024 | Other crime | Under investigation | On or near Harthope Close |
| Jul 2024 | Other crime | Under investigation | On or near Harthope Close |
| Jul 2024 | Other crime | Under investigation | On or near Harthope Close |