£136,344
This estimated value is based upon the latest sale price for the house of £79,950 on 4 May 2012. 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 Wallace Street
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| Price Paid | Date |
|---|---|
| £79,950 | 4 May 2012 |
| £72,950 | 16 Jun 2004 |
| £34,500 | 26 Jul 2002 |
| £33,000 | 18 Jul 1997 |
| £28,500 | 24 Feb 1995 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 May 2012 the House Price Index for TYNE AND WEAR was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.538%.Applying this 70.538% change to the original purchase price of £79,950 results in an estimated price of approximately £136,344.
| 4 May 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.6 | 70.538 % | £79,950 | £56,394 | £136,344 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -3.607 % | £-2,883 | £77,066 |
| 3 Month Average | 17.542 % | £14,024 | £93,974 |
| 6 Month Average | 17.335 % | £13,859 | £93,809 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £67,868 | £67,000 | 27 GILPIN STREET |
| 31 Aug 2023 | £56,494 | £56,000 | 5 WALLACE STREET |
| 28 Apr 2023 | £77,838 | £77,000 | 72 BURN PARK ROAD |
| 27 May 2022 | £113,641 | £111,500 | 102 BURN PARK ROAD |
| 8 Apr 2022 | £187,423 | £182,000 | 111 DAIRY LANE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 2 Dec 2013. Using an estimated price of £136,345 means this house is valued at £1,893 per sq meter (£175 per sq foot).
The average size of a house on GILPIN STREET is 103 sq meters (1,114 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near Wallace Street |
| Jan 2024 | Burglary | Under investigation | On or near Wallace Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Burn Park Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Burn Park Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Burn Park Road |