£116,830
This estimated value is based upon the latest sale price for the house of £97,000 on 20 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £97,000 | 20 Mar 2020 |
| £85,000 | 9 Jun 2006 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £97,000 results in an estimated price of approximately £116,830.
| 20 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £97,000 | £19,830 | £116,830 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -3.932 % | £-3,813 | £93,186 |
| 3 Month Average | -2.667 % | £-2,586 | £94,413 |
| 6 Month Average | 4.861 % | £4,715 | £101,715 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2023 | £149,005 | £147,000 | 30 WHITELEAS WAY |
| 13 Apr 2023 | £111,197 | £110,000 | 11 CAMERON CLOSE |
| 31 Jan 2023 | £62,705 | £63,000 | 15 GERALD STREET |
| 7 Oct 2022 | £133,562 | £135,000 | 24 WHITELEAS WAY |
| 12 Aug 2022 | £82,777 | £83,000 | 16 GERALD STREET |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 4 Feb 2014. Using an estimated price of £116,830 means this house is valued at £1,424 per sq meter (£132 per sq foot).
The average size of a house on GERALD STREET is 79 sq meters (855 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Gerald Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Gerald Street |
| Mar 2024 | Anti-social behaviour | On or near Gerald Street | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gosforth Avenue |
| Mar 2024 | Anti-social behaviour | On or near Sports/Recreation Area |