£137,030
This estimated value is based upon the latest sale price for the house of £112,000 on 7 Feb 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 |
|---|---|
| £112,000 | 7 Feb 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 February 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £112,000 results in an estimated price of approximately £137,030.
| 7 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £112,000 | £25,030 | £137,030 |
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 | 28.091 % | £31,461 | £143,461 |
| 3 Month Average | 16.440 % | £18,413 | £130,413 |
| 6 Month Average | 10.033 % | £11,236 | £123,236 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £117,048 | £115,000 | 20 MEADOW GROVE |
| 29 Jun 2023 | £182,207 | £180,000 | 25 HYLTON WALK |
| 23 Sep 2022 | £94,735 | £95,500 | 640 HYLTON ROAD |
| 14 Apr 2022 | £130,784 | £127,000 | 25 ROWAN CLOSE |
| 18 Feb 2022 | £120,600 | £115,000 | 7 ROWAN CLOSE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 28 Jan 2019. Using an estimated price of £137,031 means this house is valued at £1,522 per sq meter (£141 per sq foot).
There is one other house on the street which we know the size of, this is 2 NORTH GRINDON FARM COTTAGES it is 83.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Grindon Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Grindon Avenue |
| Jan 2024 | Drugs | Under investigation | On or near East Grove |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near East Grove |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near South View Road |