£183,402
This estimated value is based upon the latest sale price for the house of £100,000 on 23 Jan 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £100,000 | 23 Jan 2009 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 January 2009 the House Price Index for TYNE AND WEAR was 81.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.402%.Applying this 83.402% change to the original purchase price of £100,000 results in an estimated price of approximately £183,402.
| 23 Jan 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.0 | 148.6 | 83.402 % | £100,000 | £83,402 | £183,402 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 30.608 % | £30,607 | £130,607 |
| 3 Month Average | 27.798 % | £27,798 | £127,798 |
| 6 Month Average | 28.386 % | £28,386 | £128,386 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £100,000 | £100,000 | 24 GOFTON WALK |
| 1 Dec 2023 | £159,796 | £157,000 | 96 WEST AVENUE |
| 16 Aug 2023 | £105,927 | £105,000 | 54 GOFTON WALK |
| 4 Aug 2023 | £102,900 | £102,000 | 2 FAIRSPRING |
| 7 Jul 2023 | £116,569 | £115,000 | 8 FAIRSPRING |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 3 Mar 2020. Using an estimated price of £183,402 means this house is valued at £2,132 per sq meter (£198 per sq foot).
The average size of a house on GOFTON WALK is 91 sq meters (984 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Glantlees |
| Jan 2024 | Public order | Under investigation | On or near Glantlees |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Glantlees |
| Dec 2023 | Public order | Offender given a caution | On or near Glantlees |