£242,158
This estimated value is based upon the latest sale price for the house of £148,000 on 18 Oct 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £148,000 | 18 Oct 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 October 2013 the House Price Index for TYNE AND WEAR was 90.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 63.621%.Applying this 63.621% change to the original purchase price of £148,000 results in an estimated price of approximately £242,158.
| 18 Oct 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 148.6 | 63.621 % | £148,000 | £94,158 | £242,158 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 63.623 % | £94,162 | £242,162 |
| 3 Month Average | 33.370 % | £49,387 | £197,387 |
| 6 Month Average | 23.521 % | £34,811 | £182,811 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £211,126 | £208,000 | 12 CAULDWELL AVENUE |
| 13 Sep 2023 | £369,727 | £365,000 | 69 GRANGE PARK |
| 18 Aug 2023 | £459,016 | £455,000 | 8 CAULDWELL AVENUE |
| 28 Jul 2023 | £349,707 | £345,000 | 9 GRANGE PARK |
| 30 Jun 2023 | £248,004 | £245,000 | 36 GRANGE PARK |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 20 Jul 2013. Using an estimated price of £242,158 means this house is valued at £2,549 per sq meter (£236 per sq foot).
The average size of a house on GRANGE CLOSE is 145 sq meters (1,560 sq feet).
This house is the smallest in the street with a floor area of 95 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Parking Area |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Supermarket |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Green Square |