£95,757
This estimated value is based upon the latest sale price for the house of £29,000 on 26 Sep 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£29,000 | 26 Sep 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 61 sq meters or 656 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 September 2001 the House Price Index for TYNE AND WEAR was 45.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 230.197%.Applying this 230.197% change to the original purchase price of £29,000 results in an estimated price of approximately £95,757.
26 Sep 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
45.3 | 149.7 | 230.197 % | £29,000 | £66,757 | £95,757 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 351.447 % | £101,919 | £130,919 |
3 Month Average | 316.441 % | £91,768 | £120,768 |
6 Month Average | 312.841 % | £90,723 | £119,723 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 May 2024 | £195,000 | £195,000 | 7 GAINSBOROUGH GROVE |
28 Apr 2023 | £186,147 | £182,665 | 42 SIDNEY GROVE |
8 Feb 2023 | £139,935 | £139,000 | 54 SIDNEY GROVE |
13 Oct 2022 | £266,610 | £267,500 | 71 SIDNEY GROVE |
8 Aug 2022 | £246,151 | £245,000 | 10 CROSSLEY TERRACE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 7 Jul 2019. Using an estimated price of £95,757 means this house is valued at £1,569 per sq meter (£145 per sq foot).
The average size of a house on GAINSBOROUGH GROVE is 82 sq meters (893 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sidney Grove |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Sidney Grove |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sidney Grove |
Jun 2024 | Public order | Investigation complete; no suspect identified | On or near Sidney Grove |
Jun 2024 | Other crime | Under investigation | On or near Sidney Grove |