£94,550
This estimated value is based upon the latest sale price for the house of £75,000 on 3 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£75,000 | 3 Nov 2017 |
£93,995 | 24 Aug 2007 |
Flats/Maisonettes |
Leasehold |
Floor Area: 49 sq meters or 527 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 November 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £75,000 results in an estimated price of approximately £94,550.
3 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.9 | 148.6 | 26.067 % | £75,000 | £19,550 | £94,550 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 13.151 % | £9,863 | £84,863 |
3 Month Average | -21.016 % | £-15,762 | £59,237 |
6 Month Average | -4.055 % | £-3,041 | £71,958 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Mar 2024 | £32,500 | £32,500 | 32 ELLEN COURT |
11 Aug 2023 | £116,015 | £115,000 | 39 ORMONDE STREET |
9 Aug 2023 | £93,821 | £93,000 | 64 GRANGE ROAD |
12 Jul 2023 | £81,091 | £80,000 | 36 ORMONDE STREET |
4 Jul 2023 | £70,955 | £70,000 | 11 NORTH STREET |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 17 Oct 2017. Using an estimated price of £94,550 means this house is valued at £1,929 per sq meter (£179 per sq foot).
The average size of a house on GRANGE ROAD is 63 sq meters (679 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Anti-social behaviour | On or near Market Walk | |
Dec 2023 | Anti-social behaviour | On or near Market Walk | |
Dec 2023 | Anti-social behaviour | On or near Market Walk | |
Dec 2023 | Anti-social behaviour | On or near Market Walk | |
Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Monkton Road |