£234,099
This estimated value is based upon the latest sale price for the house of £62,940 on 28 Jul 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £62,940 | 28 Jul 2000 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 July 2000 the House Price Index for TYNE AND WEAR was 40.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 271.941%.Applying this 271.941% change to the original purchase price of £62,940 results in an estimated price of approximately £234,099.
| 28 Jul 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.0 | 148.6 | 271.941 % | £62,940 | £171,159 | £234,099 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 171.780 % | £108,118 | £171,058 |
| 3 Month Average | 126.258 % | £79,466 | £142,406 |
| 6 Month Average | 160.070 % | £100,747 | £163,687 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £177,386 | £174,999 | 79 GROSVENOR ROAD |
| 16 Jun 2023 | £184,232 | £182,000 | 57 CAVENDISH ROAD |
| 12 Jun 2023 | £212,575 | £210,000 | 111 GROSVENOR ROAD |
| 8 Oct 2021 | £385,054 | £348,000 | 12 GROSVENOR AVENUE |
| 26 Jul 2021 | £385,004 | £335,000 | 38 CAVENDISH ROAD |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 21 Dec 2017. Using an estimated price of £234,099 means this house is valued at £1,967 per sq meter (£182 per sq foot).
The average size of a house on GROSVENOR ROAD is 93 sq meters (1,008 sq feet).