£115,506
This estimated value is based upon the latest sale price for the house of £21,500 on 6 Dec 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £21,500 | 6 Dec 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 December 1996 the House Price Index for TYNE AND WEAR was 27.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 437.239%.Applying this 437.239% change to the original purchase price of £21,500 results in an estimated price of approximately £115,506.
| 6 Dec 1996 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.5 | 148.0 | 437.239 % | £21,500 | £94,006 | £115,506 |
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 | 1026.575 % | £220,713 | £242,213 |
| 3 Month Average | 422.745 % | £90,890 | £112,390 |
| 6 Month Average | 426.584 % | £91,715 | £113,215 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jan 2023 | £173,476 | £175,000 | 85 CEDAR ROAD |
| 18 Jan 2023 | £59,478 | £60,000 | 16 BAXTER AVENUE |
| 18 Nov 2022 | £73,803 | £75,000 | 10 GREYWOOD AVENUE |
| 1 Aug 2022 | £176,805 | £178,000 | 139 CEDAR ROAD |
| 6 May 2022 | £111,660 | £110,000 | 100 HADRIAN ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 14 Aug 2020. Using an estimated price of £115,506 means this house is valued at £1,804 per sq meter (£167 per sq foot).
The average size of a house on GREYWOOD AVENUE is 78 sq meters (849 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Greywood Avenue |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Greywood Avenue |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Greywood Avenue |
| Feb 2024 | Drugs | Under investigation | On or near Greywood Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Greywood Avenue |