£368,600
This estimated value is based upon the latest sale price for the house of £297,500 on 10 Jan 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £297,500 | 10 Jan 2018 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2018 the House Price Index for TYNE AND WEAR was 118.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.899%.Applying this 23.899% change to the original purchase price of £297,500 results in an estimated price of approximately £368,600.
| 10 Jan 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 146.7 | 23.899 % | £297,500 | £71,100 | £368,600 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 22.920 % | £68,186 | £365,686 |
| 3 Month Average | 7.812 % | £23,241 | £320,741 |
| 6 Month Average | 7.692 % | £22,884 | £320,384 |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 21 Mar 2017.
The average size of a house on GAINSBOROUGH CLOSE is 115 sq meters (1,239 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Well Ridge Park |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Well Ridge Park |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Well Ridge Park |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Huntly Road |
| Jan 2024 | Anti-social behaviour | On or near Beaconsfield Close |