£93,745
This estimated value is based upon the latest sale price for the house of £87,500 on 20 Dec 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Gairloch Road
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Price Paid | Date |
---|---|
£87,500 | 20 Dec 2021 |
£86,500 | 26 Oct 2007 |
£77,500 | 13 Jul 2004 |
£31,250 | 3 Oct 1997 |
Semi-Detached |
Freehold |
Floor Area: 52 sq meters or 559 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 December 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £87,500 results in an estimated price of approximately £93,745.
20 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 148.6 | 7.138 % | £87,500 | £6,245 | £93,745 |
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 | 7.274 % | £6,364 | £93,864 |
3 Month Average | -3.403 % | £-2,978 | £84,521 |
6 Month Average | -1.220 % | £-1,067 | £86,432 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £93,383 | £92,000 | 73 GILLINGHAM ROAD |
18 Sep 2023 | £96,230 | £95,000 | 22 GAINSBOROUGH SQUARE |
20 Jul 2022 | £96,259 | £96,000 | 69 GILLINGHAM ROAD |
14 Jul 2022 | £93,251 | £93,000 | 30 GAIRLOCH ROAD |
30 Jun 2022 | £65,932 | £65,000 | 40 GAINSBOROUGH ROAD |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 16 Jul 2019. Using an estimated price of £93,746 means this house is valued at £1,802 per sq meter (£167 per sq foot).
The average size of a house on GLENEAGLES ROAD is 69 sq meters (747 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Burglary | Under investigation | On or near Gairloch Road |
Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Gairloch Road |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Gairloch Road |
Mar 2024 | Drugs | Under investigation | On or near Gillingham Road |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gillingham Road |