£280,850
This estimated value is based upon the latest sale price for the house of £230,000 on 24 Aug 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £230,000 | 24 Aug 2018 |
| £63,000 | 22 Aug 1997 |
| Semi-Detached |
| Leasehold |
| Floor Area: 124 sq meters or 1,334 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 August 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.109%.Applying this 22.109% change to the original purchase price of £230,000 results in an estimated price of approximately £280,850.
| 24 Aug 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 146.7 | 22.109 % | £230,000 | £50,850 | £280,850 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -9.262 % | £-21,302 | £208,697 |
| 3 Month Average | 3.978 % | £9,149 | £239,149 |
| 6 Month Average | 14.410 % | £33,143 | £263,143 |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 13 Jun 2018.
The average size of a house on GROSVENOR WAY is 107 sq meters (1,156 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Goodwood Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gleneagle Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Gleneagle Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Gleneagle Close |
| Jan 2024 | Vehicle crime | Under investigation | On or near Kendale Walk |