£206,524
This estimated value is based upon the latest sale price for the house of £157,500 on 15 Dec 2016. 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 |
|---|---|
| £157,500 | 15 Dec 2016 |
| £136,000 | 10 Jul 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 December 2016 the House Price Index for TYNE AND WEAR was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £157,500 results in an estimated price of approximately £206,524.
| 15 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £157,500 | £49,024 | £206,524 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 39.882 % | £62,814 | £220,314 |
| 3 Month Average | 7.437 % | £11,712 | £169,212 |
| 6 Month Average | 8.936 % | £14,074 | £171,574 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £110,384 | £108,750 | FLAT 4 40 PERCY PARK |
| 9 Nov 2023 | £431,387 | £425,000 | FLAT 3 50 PERCY PARK |
| 1 Aug 2023 | £600,251 | £595,000 | 16 ABBEY DRIVE |
| 15 Jun 2023 | £659,995 | £652,000 | 34 PARKSIDE CRESCENT |
| 31 Mar 2023 | £222,092 | £220,000 | 39 PERCY PARK |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 22 Feb 2016. Using an estimated price of £206,524 means this house is valued at £3,687 per sq meter (£342 per sq foot).
The average size of a house on GRAND PARADE is 134 sq meters (1,442 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Abbey Drive |
| Dec 2023 | Public order | Under investigation | On or near Abbey Drive |