£295,597
This estimated value is based upon the latest sale price for the house of £180,000 on 12 Jan 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £180,000 | 12 Jan 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 139 sq meters or 1,496 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 January 2007 the House Price Index for TYNE AND WEAR was 90.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 64.221%.Applying this 64.221% change to the original purchase price of £180,000 results in an estimated price of approximately £295,597.
| 12 Jan 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.5 | 148.6 | 64.221 % | £180,000 | £115,597 | £295,597 |
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 | 12.047 % | £21,684 | £201,684 |
| 3 Month Average | 16.442 % | £29,595 | £209,595 |
| 6 Month Average | 28.166 % | £50,699 | £230,699 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £184,653 | £182,665 | 42 SIDNEY GROVE |
| 8 Feb 2023 | £138,907 | £139,000 | 54 SIDNEY GROVE |
| 13 Oct 2022 | £264,650 | £267,500 | 71 SIDNEY GROVE |
| 8 Aug 2022 | £244,342 | £245,000 | 10 CROSSLEY TERRACE |
| 25 Feb 2022 | £104,869 | £100,000 | 10 GAINSBOROUGH GROVE |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 25 Nov 2010. Using an estimated price of £295,597 means this house is valued at £2,126 per sq meter (£197 per sq foot).
The average size of a house on GAINSBOROUGH GROVE is 82 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Sidney Grove |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Sidney Grove |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sidney Grove |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sidney Grove |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sidney Grove |