£177,600
This estimated value is based upon the latest sale price for the house of £105,000 on 20 Dec 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£105,000 | 20 Dec 2012 |
£54,500 | 6 Apr 2001 |
£50,000 | 26 Jan 2001 |
Semi-Detached |
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 December 2012 the House Price Index for TYNE AND WEAR was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £105,000 results in an estimated price of approximately £177,600.
20 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.9 | 148.6 | 69.144 % | £105,000 | £72,600 | £177,600 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 26.508 % | £27,833 | £132,833 |
3 Month Average | 8.122 % | £8,527 | £113,527 |
6 Month Average | 34.360 % | £36,078 | £141,078 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Aug 2023 | £284,993 | £282,500 | 8 GLENSHIEL CLOSE |
30 Jun 2023 | £116,410 | £115,000 | 26 GLENGARVEN CLOSE |
14 Jun 2023 | £122,484 | £121,000 | 38 GLENGARVEN CLOSE |
22 Jul 2022 | £135,364 | £135,000 | 32 GLENGARVEN CLOSE |
20 May 2022 | £183,457 | £180,000 | 8 GLENCARRON CLOSE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 16 Nov 2012. Using an estimated price of £177,601 means this house is valued at £2,732 per sq meter (£253 per sq foot).
The average size of a house on GAIRLOCH DRIVE is 94 sq meters (1,013 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gairloch Drive |
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Gairloch Drive |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gairloch Drive |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gairloch Drive |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Glencarron Close |