£61,776
This estimated value is based upon the latest sale price for the house of £50,000 on 13 Nov 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 |
|---|---|
| £50,000 | 13 Nov 2019 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 November 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 23.552%.Applying this 23.552% change to the original purchase price of £50,000 results in an estimated price of approximately £61,776.
| 13 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £50,000 | £11,776 | £61,776 |
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 | -8.481 % | £-4,240 | £45,759 |
| 3 Month Average | 9.907 % | £4,953 | £54,953 |
| 6 Month Average | 13.982 % | £6,990 | £56,990 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Apr 2024 | £50,388 | £49,950 | 27 TRINITY STREET |
| 15 Dec 2023 | £41,217 | £39,950 | 40 FLORENCE CRESCENT |
| 19 Oct 2023 | £61,394 | £60,000 | 28 GROSVENOR STREET |
| 29 Aug 2023 | £36,661 | £36,000 | 50 GROSVENOR STREET |
| 22 Jun 2023 | £71,380 | £69,950 | 8 GROSVENOR STREET |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 17 May 2019. Using an estimated price of £61,776 means this house is valued at £735 per sq meter (£68 per sq foot).
The average size of a house on GROSVENOR STREET is 76 sq meters (822 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near The Poplars |
| Jul 2024 | Public order | Under investigation | On or near The Poplars |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Poplars |
| May 2024 | Violence and sexual offences | Under investigation | On or near The Poplars |
| Apr 2024 | Other crime | Under investigation | On or near The Poplars |