£90,755
This estimated value is based upon the latest sale price for the house of £63,500 on 25 Aug 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £63,500 | 25 Aug 2015 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 August 2015 the House Price Index for TYNE AND WEAR was 104.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 42.923%.Applying this 42.923% change to the original purchase price of £63,500 results in an estimated price of approximately £90,755.
| 25 Aug 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 148.6 | 42.923 % | £63,500 | £27,255 | £90,755 |
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 | -0.259 % | £-164 | £63,335 |
| 3 Month Average | 5.200 % | £3,301 | £66,801 |
| 6 Month Average | 12.453 % | £7,907 | £71,407 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Mar 2023 | £191,807 | £190,000 | 44 MEADOW RISE |
| 25 Jan 2023 | £99,531 | £100,000 | 40 FERNLOUGH |
| 9 Sep 2022 | £79,359 | £80,000 | 44 GORSEHILL |
| 23 Aug 2022 | £90,756 | £91,000 | 5 FERNLOUGH |
| 15 Jul 2022 | £85,229 | £85,000 | 72 GORSEHILL |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 8 May 2015. Using an estimated price of £90,756 means this house is valued at £1,163 per sq meter (£108 per sq foot).
The average size of a house on GORSEHILL is 95 sq meters (1,025 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hedgehope |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hedgehope |
| Dec 2023 | Other theft | Under investigation | On or near Hedgehope |
| Dec 2023 | Other crime | Under investigation | On or near Hedgehope |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Hedgehope |