£313,035
This estimated value is based upon the latest sale price for the house of £298,500 on 18 Feb 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £298,500 | 18 Feb 2022 |
| £265,000 | 21 Nov 2016 |
| £245,000 | 11 Nov 2011 |
| £85,000 | 11 Oct 1999 |
| £65,000 | 15 Jan 1996 |
| £70,000 | 26 Jul 1995 |
| Detached |
| Leasehold |
| Floor Area: 141 sq meters or 1,521 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 February 2022 the House Price Index for TYNE AND WEAR was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £298,500 results in an estimated price of approximately £313,035.
| 18 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £298,500 | £14,535 | £313,035 |
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 | 14.963 % | £44,663 | £343,163 |
| 3 Month Average | -5.547 % | £-16,557 | £281,942 |
| 6 Month Average | 0.240 % | £715 | £299,215 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £273,311 | £270,000 | 72 GROSVENOR WAY |
| 16 Jun 2023 | £222,698 | £220,000 | 23 GRANVILLE DRIVE |
| 16 Jun 2023 | £237,881 | £235,000 | 15 GLENWOOD WALK |
| 12 Apr 2023 | £97,045 | £96,000 | 14 GLENWOOD WALK |
| 20 Jan 2023 | £235,889 | £237,000 | 20 WEDMORE ROAD |
This house has a floor area of 141 sq meters or 1,521 sq feet when measured on 24 Feb 2010.
The average size of a house on GROSVENOR WAY is 107 sq meters (1,156 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hillhead Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hillhead Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Goodwood Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gracefield Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Gracefield Close |