£71,003
This estimated value is based upon the latest sale price for the house of £70,000 on 24 Jun 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£70,000 | 24 Jun 2022 |
£80,000 | 15 Dec 2017 |
£104,950 | 28 Sep 2006 |
Flats/Maisonettes |
Leasehold |
Floor Area: 55 sq meters or 592 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 2022 the House Price Index for TYNE AND WEAR was 146.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.433%.Applying this 1.433% change to the original purchase price of £70,000 results in an estimated price of approximately £71,003.
24 Jun 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.5 | 148.6 | 1.433 % | £70,000 | £1,003 | £71,003 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -68.979 % | £-48,285 | £21,714 |
3 Month Average | -13.652 % | £-9,556 | £60,443 |
6 Month Average | -18.047 % | £-12,632 | £57,367 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Feb 2023 | £74,950 | £75,000 | APARTMENT 5 STANFIELD HOUSE GRAY ROAD |
18 Aug 2022 | £84,722 | £84,950 | APARTMENT 7 STANFIELD HOUSE GRAY ROAD |
24 Jun 2022 | £71,003 | £70,000 | APARTMENT 2 STANFIELD HOUSE GRAY ROAD |
28 Jan 2022 | £82,088 | £78,000 | APARTMENT 3 HAMMERTON HALL, 4 GRAY ROAD |
16 Dec 2021 | £78,746 | £73,500 | APARTMENT 9 SWAN HOUSE GRAY ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 6 Oct 2017. Using an estimated price of £71,003 means this house is valued at £1,290 per sq meter (£119 per sq foot).
The average size of a house on GRAY ROAD is 85 sq meters (915 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Ashburne Court | |
Jan 2024 | Anti-social behaviour | On or near Ashburne Court | |
Jan 2024 | Anti-social behaviour | On or near Ashburne Court | |
Mar 2024 | Anti-social behaviour | On or near Mowbray Close | |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Mowbray Close |