£70,807
This estimated value is based upon the latest sale price for the house of £69,950 on 22 Jun 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£69,950 | 22 Jun 2023 |
£37,000 | 9 Mar 2011 |
Terraced |
Freehold |
Floor Area: 82 sq meters or 882 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 June 2023 the House Price Index for TYNE AND WEAR was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £69,950 results in an estimated price of approximately £70,807.
22 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.8 | 148.6 | 1.226 % | £69,950 | £857 | £70,807 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 7.853 % | £5,493 | £75,443 |
3 Month Average | -1.569 % | £-1,097 | £68,852 |
6 Month Average | -1.591 % | £-1,112 | £68,837 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Sep 2023 | £86,101 | £85,000 | 33 JAMES STREET |
22 Jun 2023 | £70,808 | £69,950 | 8 GROSVENOR STREET |
31 Mar 2023 | £100,946 | £99,995 | 35 GROSVENOR STREET |
7 Mar 2023 | £83,789 | £83,000 | 36 JAMES STREET |
16 Feb 2023 | £48,736 | £48,769 | 7 ELMWOOD AVENUE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 21 Nov 2013. Using an estimated price of £70,808 means this house is valued at £863 per sq meter (£80 per sq foot).
The average size of a house on GROSVENOR STREET is 76 sq meters (822 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other crime | Under investigation | On or near James Street |
Mar 2024 | Violence and sexual offences | Under investigation | On or near James Street |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near James Street |
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near James Street |
Feb 2024 | Violence and sexual offences | Under investigation | On or near James Street |