£277
This estimated value is based upon the latest sale price for the house of £225 on 9 Oct 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£225 | 9 Oct 2019 |
£170,000 | 31 Oct 2016 |
Freehold |
Floor Area: 104 sq meters or 1,119 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 October 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £225 results in an estimated price of approximately £277.
9 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 149.7 | 23.540 % | £225 | £52 | £277 |
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 | 44.664 % | £100 | £325 |
3 Month Average | 5.149 % | £11 | £236 |
6 Month Average | 11.076 % | £24 | £249 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £228,295 | £222,500 | 29 GRANGE PARK AVENUE |
14 Aug 2023 | £280,051 | £275,000 | 19 GRANGE VIEW |
4 Aug 2023 | £234,224 | £230,000 | 21 EAST GRANGE |
2 Jun 2023 | £244,908 | £240,000 | 11 THOMPSON ROAD |
30 Sep 2021 | £250,766 | £231,000 | 15 EAST GRANGE |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 8 Jul 2016. Using an estimated price of £278 means this house is valued at £2 per sq meter (£0 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 |
---|---|---|---|
Jul 2024 | Other theft | Under investigation | On or near Grange Park Avenue |
Jul 2024 | Other crime | Under investigation | On or near Grange Park Avenue |
Apr 2024 | Theft from the person | Under investigation | On or near Newcastle Road |
Jul 2024 | Other theft | Under investigation | On or near Bywell Avenue |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bywell Avenue |