£98,092
This estimated value is based upon the latest sale price for the house of £81,000 on 5 Jun 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £81,000 | 5 Jun 2020 |
| £81,000 | 5 Jun 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £81,000 results in an estimated price of approximately £98,092.
| 5 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £81,000 | £17,092 | £98,092 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 51.030 % | £41,334 | £122,334 |
| 3 Month Average | -2.840 % | £-2,300 | £78,699 |
| 6 Month Average | 11.078 % | £8,973 | £89,973 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £142,493 | £140,000 | 3 NORTH FARM AVENUE |
| 20 Jul 2023 | £101,364 | £100,000 | 1 NORTH FARM AVENUE |
| 26 Apr 2023 | £121,256 | £119,950 | 34 GOLDSMITH ROAD |
| 20 Jan 2023 | £129,390 | £130,000 | 1 GAMBIA SQUARE |
| 27 Jul 2022 | £85,229 | £85,000 | 63 GRAVESEND ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 7 Feb 2020. Using an estimated price of £98,092 means this house is valued at £1,226 per sq meter (£113 per sq foot).
The average size of a house on GREENSHIELDS SQUARE is 76 sq meters (820 sq feet).
This house is the largest in the street with a floor area of 80 sq meters (861 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Guernsey Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gambia Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gambia Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Gambia Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Gambia Road |