£109,617
This estimated value is based upon the latest sale price for the house of £29,950 on 6 Oct 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £29,950 | 6 Oct 2000 |
| Semi-Detached |
| 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 October 2000 the House Price Index for TYNE AND WEAR was 40.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 266.003%.Applying this 266.003% change to the original purchase price of £29,950 results in an estimated price of approximately £109,617.
| 6 Oct 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.6 | 148.6 | 266.003 % | £29,950 | £79,667 | £109,617 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 252.802 % | £75,714 | £105,664 |
| 3 Month Average | 187.512 % | £56,159 | £86,109 |
| 6 Month Average | 179.347 % | £53,714 | £83,664 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2023 | £121,256 | £119,950 | 34 GOLDSMITH ROAD |
| 20 Jan 2023 | £129,390 | £130,000 | 1 GAMBIA SQUARE |
| 25 Nov 2022 | £88,923 | £90,000 | 7 GLENEAGLES SQUARE |
| 23 Sep 2022 | £89,229 | £89,950 | 14 GUERNSEY SQUARE |
| 11 Apr 2022 | £84,444 | £82,000 | 3 GREENSHIELDS ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 3 Jan 2014. Using an estimated price of £109,618 means this house is valued at £1,336 per sq meter (£124 per sq foot).
The average size of a house on GAMBIA SQUARE is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Guernsey Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Grenfell Square |
| Jan 2024 | Public order | Under investigation | On or near Grenfell Square |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grenfell Square |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gambia Road |