£74,508
This estimated value is based upon the latest sale price for the house of £45,000 on 8 Apr 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £45,000 | 8 Apr 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 84 sq meters or 909 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 April 2013 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 65.574%.Applying this 65.574% change to the original purchase price of £45,000 results in an estimated price of approximately £74,508.
| 8 Apr 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 146.7 | 65.574 % | £45,000 | £29,508 | £74,508 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | 44.889 % | £20,200 | £65,200 |
| 3 Month Average | 111.497 % | £50,173 | £95,173 |
| 6 Month Average | 45.854 % | £20,634 | £65,634 |
This house has a floor area of 84 sq meters or 909 sq feet when measured on 8 Jul 2010.
The average size of a house on GIBSON STREET is 99 sq meters (1,066 sq feet).
This house is the largest in the street with a floor area of 84 sq meters (909 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grenville Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grenville Terrace |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Grenville Terrace |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Grenville Terrace |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grenville Terrace |