£221,850
This estimated value is based upon the latest sale price for the house of £152,000 on 15 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £152,000 | 15 May 2015 |
| Terraced |
| Leasehold |
| Floor Area: 85 sq meters or 914 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 May 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.954%.Applying this 45.954% change to the original purchase price of £152,000 results in an estimated price of approximately £221,850.
| 15 May 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 148.6 | 45.954 % | £152,000 | £69,850 | £221,850 |
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 | 7.217 % | £10,969 | £162,969 |
| 3 Month Average | 23.032 % | £35,009 | £187,009 |
| 6 Month Average | 25.822 % | £39,249 | £191,249 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £247,162 | £245,000 | 44 GROSVENOR COURT |
| 16 Jun 2023 | £222,698 | £220,000 | 23 GRANVILLE DRIVE |
| 25 Apr 2023 | £130,404 | £129,000 | 12 GILMORE CLOSE |
| 2 Sep 2022 | £168,589 | £169,950 | 53 GROSVENOR COURT |
| 28 Jun 2022 | £2,637 | £2,600 | 61 GROSVENOR COURT |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 3 Feb 2015. Using an estimated price of £221,850 means this house is valued at £2,610 per sq meter (£242 per sq foot).
The average size of a house on GROSVENOR COURT is 98 sq meters (1,062 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Goodwood Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gracefield Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Gracefield Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Egham Road |
| Mar 2024 | Burglary | Under investigation | On or near Eshmere Crescent |