£316,157
This estimated value is based upon the latest sale price for the house of £87,500 on 5 Oct 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £87,500 | 5 Oct 2000 |
| Terraced |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 2000 the House Price Index for TYNE AND WEAR was 40.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 261.323%.Applying this 261.323% change to the original purchase price of £87,500 results in an estimated price of approximately £316,157.
| 5 Oct 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.6 | 146.7 | 261.323 % | £87,500 | £228,657 | £316,157 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 249.227 % | £218,073 | £305,573 |
| 3 Month Average | 257.315 % | £225,150 | £312,650 |
| 6 Month Average | 276.246 % | £241,714 | £329,214 |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 6 Sep 2012.
The average size of a house on GRENADA DRIVE is 85 sq meters (923 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hamilton Drive |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Grenada Close |