£278,228
This estimated value is based upon the latest sale price for the house of £165,000 on 7 Mar 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £165,000 | 7 Mar 2013 |
| £24,000 | 11 Jun 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 March 2013 the House Price Index for TYNE AND WEAR was 88.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.623%.Applying this 68.623% change to the original purchase price of £165,000 results in an estimated price of approximately £278,228.
| 7 Mar 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 149.7 | 68.623 % | £165,000 | £113,228 | £278,228 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 49.194 % | £81,169 | £246,169 |
| 3 Month Average | 31.835 % | £52,526 | £217,526 |
| 6 Month Average | 30.776 % | £50,779 | £215,779 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2024 | £134,100 | £134,100 | 44 GROTTO GARDENS |
| 5 Apr 2024 | £151,314 | £150,000 | 95 GROTTO ROAD |
| 5 Apr 2024 | £118,630 | £117,600 | 40 GROTTO GARDENS |
| 13 Oct 2023 | £138,137 | £135,000 | 15 GROTTO GARDENS |
| 12 Sep 2023 | £175,877 | £172,000 | 20 GROTTO GARDENS |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 8 May 2014. Using an estimated price of £278,228 means this house is valued at £2,727 per sq meter (£253 per sq foot).
The average size of a house on GROTTO ROAD is 94 sq meters (1,012 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Possession of weapons | Offender given a caution | On or near Parking Area |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Aug 2024 | Anti-social behaviour | On or near Parking Area | |
| Aug 2024 | Anti-social behaviour | On or near Parking Area | |
| Aug 2024 | Anti-social behaviour | On or near Parking Area |