£303,636
This estimated value is based upon the latest sale price for the house of £249,950 on 30 Jan 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 |
---|---|
£249,950 | 30 Jan 2020 |
£168,000 | 22 Oct 2014 |
Semi-Detached |
Freehold |
Floor Area: 99 sq meters or 1,065 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 January 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.479%.Applying this 21.479% change to the original purchase price of £249,950 results in an estimated price of approximately £303,636.
30 Jan 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.8 | 148.0 | 21.479 % | £249,950 | £53,686 | £303,636 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -11.202 % | £-27,998 | £221,951 |
3 Month Average | 22.012 % | £55,018 | £304,968 |
6 Month Average | 24.159 % | £60,386 | £310,336 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £225,394 | £222,500 | 29 GRANGE PARK AVENUE |
14 Aug 2023 | £276,683 | £275,000 | 19 GRANGE VIEW |
4 Aug 2023 | £231,407 | £230,000 | 21 EAST GRANGE |
2 Jun 2023 | £241,962 | £240,000 | 11 THOMPSON ROAD |
30 Sep 2021 | £247,919 | £231,000 | 15 EAST GRANGE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 30 Jul 2014. Using an estimated price of £303,637 means this house is valued at £3,067 per sq meter (£284 per sq foot).
The average size of a house on GRANGE PARK AVENUE is 131 sq meters (1,418 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Bywell Avenue |
Apr 2024 | Theft from the person | Under investigation | On or near Newcastle Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Newcastle Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Lamara Drive |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Lamara Drive |