£312,686
This estimated value is based upon the latest sale price for the house of £154,950 on 5 Apr 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £154,950 | 5 Apr 2004 |
| £154,950 | 5 Apr 2004 |
| £150,000 | 14 Feb 2004 |
| £100,750 | 1 Feb 2002 |
| £59,950 | 13 Dec 1996 |
| Terraced |
| Freehold |
| Floor Area: 117 sq meters or 1,259 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 April 2004 the House Price Index for TYNE AND WEAR was 72.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 101.799%.Applying this 101.799% change to the original purchase price of £154,950 results in an estimated price of approximately £312,686.
| 5 Apr 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 72.7 | 146.7 | 101.799 % | £154,950 | £157,736 | £312,686 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 41.433 % | £64,200 | £219,150 |
| 3 Month Average | 32.845 % | £50,893 | £205,843 |
| 6 Month Average | 40.855 % | £63,305 | £218,255 |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 25 Feb 2014.
The average size of a house on GRASMERE PLACE is 105 sq meters (1,137 sq feet).
This house is the largest in the street with a floor area of 117 sq meters (1,259 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Grasmere Place |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Highbridge |
| Mar 2024 | Other crime | Under investigation | On or near Princes Avenue |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Princes Avenue |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Princes Avenue |