£149,251
This estimated value is based upon the latest sale price for the house of £89,000 on 24 Nov 2006. 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
More crime details
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| Price Paid | Date |
|---|---|
| £89,000 | 24 Nov 2006 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 November 2006 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.698%.Applying this 67.698% change to the original purchase price of £89,000 results in an estimated price of approximately £149,251.
| 24 Nov 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 148.6 | 67.698 % | £89,000 | £60,251 | £149,251 |
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 | 14.822 % | £13,191 | £102,191 |
| 3 Month Average | -3.049 % | £-2,714 | £86,285 |
| 6 Month Average | -1.296 % | £-1,153 | £87,846 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 27 May 2022 | £112,112 | £110,000 | 18 GAINSBOROUGH SQUARE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 7 Mar 2020. Using an estimated price of £149,251 means this house is valued at £2,296 per sq meter (£213 per sq foot).
The average size of a house on GAIRLOCH ROAD is 68 sq meters (741 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 |
| Jan 2024 | Anti-social behaviour | On or near Gainsborough Road | |
| Jan 2024 | Anti-social behaviour | On or near Gainsborough Road |