£124,494
This estimated value is based upon the latest sale price for the house of £122,000 on 29 Jun 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £122,000 | 29 Jun 2023 |
| £119,950 | 28 Mar 2008 |
| £80,000 | 14 Mar 2003 |
| £56,950 | 31 Jan 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 2023 the House Price Index for TYNE AND WEAR was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £122,000 results in an estimated price of approximately £124,494.
| 29 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £122,000 | £2,494 | £124,494 |
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 | -5.664 % | £-6,910 | £115,089 |
| 3 Month Average | 8.706 % | £10,620 | £132,620 |
| 6 Month Average | 5.596 % | £6,827 | £128,827 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Oct 2023 | £209,764 | £205,000 | 8 GILMORE CLOSE |
| 22 Sep 2023 | £275,064 | £269,000 | 24 GROSVENOR WAY |
| 29 Jun 2023 | £124,495 | £122,000 | 27 GLENHURST DRIVE |
| 16 Jun 2023 | £239,806 | £235,000 | 15 GLENWOOD WALK |
| 25 Apr 2023 | £131,459 | £129,000 | 12 GILMORE CLOSE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 3 Oct 2013. Using an estimated price of £124,495 means this house is valued at £2,223 per sq meter (£206 per sq foot).
The average size of a house on GLENHURST DRIVE is 106 sq meters (1,142 sq feet).
This house is the smallest in the street with a floor area of 56 sq meters (602 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Garner Close | |
| Aug 2024 | Anti-social behaviour | On or near Garner Close | |
| Aug 2024 | Anti-social behaviour | On or near Garner Close | |
| Aug 2024 | Anti-social behaviour | On or near Garner Close | |
| Aug 2024 | Public order | Under investigation | On or near Garner Close |