£122,545
This estimated value is based upon the latest sale price for the house of £65,000 on 24 Sep 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 |
|---|---|
| £65,000 | 24 Sep 2004 |
| £36,000 | 2 Apr 2004 |
| £36,000 | 2 Apr 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 79 sq meters or 853 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 2004 the House Price Index for TYNE AND WEAR was 77.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 88.532%.Applying this 88.532% change to the original purchase price of £65,000 results in an estimated price of approximately £122,545.
| 24 Sep 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.8 | 146.7 | 88.532 % | £65,000 | £57,545 | £122,545 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 35.221 % | £22,893 | £87,893 |
| 3 Month Average | 28.096 % | £18,262 | £83,262 |
| 6 Month Average | 41.753 % | £27,139 | £92,139 |
This house has a floor area of 79 sq meters or 853 sq feet when measured on 14 Jul 2011.
The average size of a house on WALLACE GARDENS is 87 sq meters (936 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Wallace Gardens | |
| Mar 2024 | Anti-social behaviour | On or near Wallace Gardens | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Wallace Gardens |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wallace Gardens |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wallace Gardens |