£121,932
This estimated value is based upon the latest sale price for the house of £56,000 on 12 Dec 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £56,000 | 12 Dec 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 65 sq meters or 699 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 December 2003 the House Price Index for TYNE AND WEAR was 68.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 117.737%.Applying this 117.737% change to the original purchase price of £56,000 results in an estimated price of approximately £121,932.
| 12 Dec 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 68.2 | 148.6 | 117.737 % | £56,000 | £65,932 | £121,932 |
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 | 78.499 % | £43,959 | £99,959 |
| 3 Month Average | 45.431 % | £25,441 | £81,441 |
| 6 Month Average | 55.288 % | £30,961 | £86,961 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £91,104 | £90,000 | 3 ROSEWOOD SQUARE |
| 27 Jun 2023 | £242,943 | £240,000 | 49 BROCKENHURST DRIVE |
| 23 Jun 2023 | £96,165 | £95,000 | 15 GARTLAND ROAD |
| 9 Feb 2023 | £86,742 | £86,800 | 71 GARDINER ROAD |
| 18 Jan 2023 | £111,973 | £112,500 | 67 GARDINER ROAD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 13 Jan 2014. Using an estimated price of £121,933 means this house is valued at £1,875 per sq meter (£174 per sq foot).
The average size of a house on GARTLAND ROAD is 75 sq meters (817 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Gartland Road | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Gartland Road |
| Mar 2024 | Anti-social behaviour | On or near Gourock Square | |
| Feb 2024 | Anti-social behaviour | On or near Gourock Square | |
| Feb 2024 | Anti-social behaviour | On or near Gourock Square |