£149,667
This estimated value is based upon the latest sale price for the house of £87,000 on 11 Mar 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £87,000 | 11 Mar 2011 |
| 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 March 2011 the House Price Index for TYNE AND WEAR was 86.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.032%.Applying this 72.032% change to the original purchase price of £87,000 results in an estimated price of approximately £149,667.
| 11 Mar 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.4 | 148.6 | 72.032 % | £87,000 | £62,667 | £149,667 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 11.260 % | £9,796 | £96,796 |
| 3 Month Average | 16.470 % | £14,328 | £101,328 |
| 6 Month Average | 25.883 % | £22,518 | £109,518 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Mar 2023 | £191,807 | £190,000 | 44 MEADOW RISE |
| 25 Jan 2023 | £99,531 | £100,000 | 40 FERNLOUGH |
| 9 Sep 2022 | £79,359 | £80,000 | 44 GORSEHILL |
| 23 Aug 2022 | £90,756 | £91,000 | 5 FERNLOUGH |
| 15 Jul 2022 | £85,229 | £85,000 | 72 GORSEHILL |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 11 Mar 2010. Using an estimated price of £149,668 means this house is valued at £1,739 per sq meter (£161 per sq foot).
The average size of a house on GORSEHILL is 95 sq meters (1,025 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hedgehope |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hedgehope |
| Dec 2023 | Other theft | Under investigation | On or near Hedgehope |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Hedgehope |
| Dec 2023 | Other crime | Under investigation | On or near Hedgehope |