£102,349
This estimated value is based upon the latest sale price for the house of £68,000 on 1 Sep 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 |
|---|---|
| £68,000 | 1 Sep 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 September 2014 the House Price Index for TYNE AND WEAR was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £68,000 results in an estimated price of approximately £102,349.
| 1 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £68,000 | £34,349 | £102,349 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 10.824 % | £7,360 | £75,360 |
| 3 Month Average | 13.670 % | £9,295 | £77,295 |
| 6 Month Average | 10.591 % | £7,201 | £75,201 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £111,425 | £110,000 | 17 ELMFIELD ROAD |
| 21 Aug 2023 | £47,415 | £47,000 | 1 CORNWALL ROAD |
| 10 Jul 2023 | £69,739 | £68,800 | 155 FINCHALE ROAD |
| 21 Jun 2023 | £78,956 | £78,000 | 93 HEXHAM AVENUE |
| 17 Mar 2023 | £171,617 | £170,000 | 1 ELMFIELD ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 25 Nov 2013. Using an estimated price of £102,349 means this house is valued at £1,599 per sq meter (£148 per sq foot).
The average size of a house on GROSVENOR CRESCENT is 78 sq meters (843 sq feet).
This house is the smallest in the street with a floor area of 64 sq meters (688 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Under investigation | On or near Arlington Road |
| Feb 2024 | Anti-social behaviour | On or near Arlington Road | |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Arlington Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Arlington Road |
| Feb 2024 | Anti-social behaviour | On or near Arlington Road |