£264,987
This estimated value is based upon the latest sale price for the house of £177,000 on 27 Oct 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £177,000 | 27 Oct 2014 |
| £25,000 | 10 Jan 1997 |
| Terraced |
| Freehold |
| Floor Area: 153 sq meters or 1,646 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 October 2014 the House Price Index for TYNE AND WEAR was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £177,000 results in an estimated price of approximately £264,987.
| 27 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £177,000 | £87,987 | £264,987 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 71.063 % | £125,780 | £302,780 |
| 3 Month Average | 35.947 % | £63,626 | £240,626 |
| 6 Month Average | 28.072 % | £49,686 | £226,686 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £304,508 | £300,000 | 5 GREENFIELD PLACE |
| 17 Nov 2023 | £421,236 | £415,000 | WOODSTONE COTTAGE LANE HEAD |
| 13 Mar 2023 | £522,422 | £517,500 | 21 GRANGE ROAD |
| 2 Mar 2023 | £328,091 | £325,000 | 2 GREENFIELD PLACE |
| 18 Nov 2022 | £108,684 | £110,000 | 2 GRANGE ROAD |
This house has a floor area of 153 sq meters or 1,646 sq feet when measured on 22 Jul 2013. Using an estimated price of £264,988 means this house is valued at £1,731 per sq meter (£160 per sq foot).
The average size of a house on GREENFIELD PLACE is 149 sq meters (1,610 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Greenfield Place |
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Greenfield Place |
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Greenfield Place |
| Feb 2024 | Shoplifting | Under investigation | On or near Greenfield Place |
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Greenfield Place |