£336,630
This estimated value is based upon the latest sale price for the house of £199,950 on 25 May 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £199,950 | 25 May 2012 |
| Semi-Detached |
| Leasehold |
| Floor Area: 130 sq meters or 1,399 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 2012 the House Price Index for TYNE AND WEAR was 87.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.357%.Applying this 68.357% change to the original purchase price of £199,950 results in an estimated price of approximately £336,630.
| 25 May 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 146.7 | 68.357 % | £199,950 | £136,680 | £336,630 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 49.926 % | £99,827 | £299,777 |
| 3 Month Average | 29.879 % | £59,742 | £259,692 |
| 6 Month Average | 13.842 % | £27,676 | £227,626 |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 10 Apr 2012.
The average size of a house on GRANGE PARK AVENUE is 131 sq meters (1,418 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Blanchland Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Newcastle Road |