£162,721
This estimated value is based upon the latest sale price for the house of £104,500 on 11 Apr 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £104,500 | 11 Apr 2014 |
| £35,000 | 26 Mar 1999 |
| £30,950 | 14 Sep 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2014 the House Price Index for TYNE AND WEAR was 95.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.714%.Applying this 55.714% change to the original purchase price of £104,500 results in an estimated price of approximately £162,721.
| 11 Apr 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 148.6 | 55.714 % | £104,500 | £58,221 | £162,721 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 54.556 % | £57,010 | £161,510 |
| 3 Month Average | 41.507 % | £43,374 | £147,874 |
| 6 Month Average | 26.378 % | £27,564 | £132,064 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £121,554 | £120,000 | 12 SPRINGBANK SQUARE |
| 24 Mar 2023 | £138,303 | £137,000 | 8 SHAFTOE ROAD |
| 27 Feb 2023 | £114,923 | £115,000 | 12 TORONTO SQUARE |
| 27 Jan 2023 | £104,508 | £105,000 | 3 SEATON ROAD |
| 12 Jan 2023 | £166,217 | £167,000 | 14 SPRINGBANK ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 26 Sep 2014. Using an estimated price of £162,721 means this house is valued at £1,937 per sq meter (£179 per sq foot).
The average size of a house on GRINDON LANE is 77 sq meters (835 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Silloth Road |
| Mar 2024 | Anti-social behaviour | On or near Silloth Road | |
| Feb 2024 | Anti-social behaviour | On or near Silloth Road | |
| Feb 2024 | Anti-social behaviour | On or near Silloth Road | |
| Feb 2024 | Anti-social behaviour | On or near Silloth Road |