£115,339
This estimated value is based upon the latest sale price for the house of £107,500 on 25 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£107,500 | 25 Jun 2021 |
£63,000 | 8 Jan 2007 |
Semi-Detached |
Freehold |
Floor Area: 69 sq meters or 742 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 June 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £107,500 results in an estimated price of approximately £115,339.
25 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.5 | 148.6 | 7.292 % | £107,500 | £7,839 | £115,339 |
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 | -1.828 % | £-1,965 | £105,534 |
3 Month Average | -19.007 % | £-20,432 | £87,067 |
6 Month Average | -14.616 % | £-15,711 | £91,788 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Apr 2023 | £86,936 | £86,000 | 14 GEDDES ROAD |
3 Mar 2023 | £80,761 | £80,000 | 41 GALASHIELS ROAD |
18 Jul 2022 | £105,735 | £105,450 | 7 GRINDON GARDENS |
11 Apr 2022 | £257,450 | £250,000 | 1 GRINDON COURT |
10 Mar 2022 | £135,750 | £131,000 | 76 GILLINGHAM ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 19 Jun 2013. Using an estimated price of £115,339 means this house is valued at £1,671 per sq meter (£155 per sq foot).
The average size of a house on GRINDON GARDENS is 85 sq meters (921 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Geddes Road |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Geddes Road |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Geddes Road |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Galashiels Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Galashiels Road |