£120,438
This estimated value is based upon the latest sale price for the house of £97,500 on 22 Feb 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £97,500 | 22 Feb 2019 |
| £75,000 | 5 Dec 2014 |
| £60,500 | 20 May 2011 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £97,500 results in an estimated price of approximately £120,438.
| 22 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £97,500 | £22,938 | £120,438 |
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 | 24.576 % | £23,961 | £121,461 |
| 3 Month Average | 9.860 % | £9,613 | £107,113 |
| 6 Month Average | 11.843 % | £11,547 | £109,047 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £176,544 | £175,000 | 16 GRINDON PARK |
| 11 Apr 2023 | £368,973 | £365,000 | 7 DUMFRIES CLOSE |
| 23 Mar 2023 | £85,808 | £85,000 | 41 GLENEAGLES ROAD |
| 10 Mar 2023 | £113,570 | £112,500 | 1 GLENEAGLES ROAD |
| 23 Feb 2023 | £322,283 | £322,500 | 9 DUMFRIES CLOSE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 9 Oct 2014. Using an estimated price of £120,439 means this house is valued at £1,974 per sq meter (£183 per sq foot).
There is one other house on the street which we know the size of, this is 3 GLANTON SQUARE it is 80.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Greenlea Close |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Goole Road |