£161,805
This estimated value is based upon the latest sale price for the house of £95,000 on 20 Sep 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 20 Sep 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 September 2006 the House Price Index for TYNE AND WEAR was 87.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.321%.Applying this 70.321% change to the original purchase price of £95,000 results in an estimated price of approximately £161,805.
| 20 Sep 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 148.6 | 70.321 % | £95,000 | £66,805 | £161,805 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 15.455 % | £14,682 | £109,682 |
| 3 Month Average | -3.338 % | £-3,171 | £91,828 |
| 6 Month Average | -0.961 % | £-913 | £94,086 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2023 | £86,936 | £86,000 | 14 GEDDES ROAD |
| 9 Sep 2022 | £119,039 | £120,000 | 1 GALWAY SQUARE |
| 5 Aug 2022 | £87,764 | £88,000 | 140 GALASHIELS ROAD |
| 16 May 2022 | £89,690 | £88,000 | 103 GALASHIELS ROAD |
| 10 Mar 2022 | £135,750 | £131,000 | 76 GILLINGHAM ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 18 Oct 2018. Using an estimated price of £161,805 means this house is valued at £2,311 per sq meter (£214 per sq foot).
The average size of a house on GALASHIELS ROAD is 67 sq meters (723 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Galway Square | |
| Mar 2024 | Other crime | Under investigation | On or near Galway Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Galway Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Greenwood Road |
| Feb 2024 | Anti-social behaviour | On or near Greenwood Road |