£71,288
This estimated value is based upon the latest sale price for the house of £55,000 on 31 Mar 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 |
|---|---|
| £55,000 | 31 Mar 2017 |
| £39,685 | 23 Aug 2013 |
| £70,000 | 5 Dec 2005 |
| £59,000 | 11 Mar 2005 |
| £14,000 | 23 Feb 1996 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 March 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £55,000 results in an estimated price of approximately £71,288.
| 31 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 148.6 | 29.616 % | £55,000 | £16,288 | £71,288 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 6.627 % | £3,645 | £58,645 |
| 3 Month Average | 19.565 % | £10,760 | £65,760 |
| 6 Month Average | 35.577 % | £19,567 | £74,567 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £120,281 | £118,500 | 42 ORPEN AVENUE |
| 24 Feb 2023 | £79,946 | £80,000 | 190 GALSWORTHY ROAD |
| 31 Jan 2023 | £62,705 | £63,000 | 15 GERALD STREET |
| 12 Aug 2022 | £82,777 | £83,000 | 16 GERALD STREET |
| 1 Jul 2022 | £190,463 | £189,950 | 66 GERALD STREET |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 2 Apr 2012. Using an estimated price of £71,289 means this house is valued at £1,004 per sq meter (£93 per sq foot).
The average size of a house on GERALD STREET is 79 sq meters (855 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |