£102,782
This estimated value is based upon the latest sale price for the house of £85,000 on 30 Jul 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 |
|---|---|
| £85,000 | 30 Jul 2020 |
| £65,000 | 2 Mar 2018 |
| 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 July 2020 the House Price Index for TYNE AND WEAR was 122.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.920%.Applying this 20.920% change to the original purchase price of £85,000 results in an estimated price of approximately £102,782.
| 30 Jul 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 148.6 | 20.920 % | £85,000 | £17,782 | £102,782 |
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 | -3.341 % | £-2,839 | £82,160 |
| 3 Month Average | 10.877 % | £9,245 | £94,245 |
| 6 Month Average | 9.214 % | £7,831 | £92,831 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £83,232 | £82,000 | 16 GLENCOE SQUARE |
| 25 Aug 2023 | £82,724 | £82,000 | 8 GENEVA ROAD |
| 23 Jun 2023 | £96,165 | £95,000 | 15 GARTLAND ROAD |
| 17 Feb 2023 | £104,929 | £105,000 | 20 GARDINER SQUARE |
| 31 Jan 2023 | £99,526 | £99,995 | 14 GLENCOE SQUARE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 26 Oct 2017. Using an estimated price of £102,782 means this house is valued at £1,581 per sq meter (£146 per sq foot).
The average size of a house on GATWICK ROAD is 93 sq meters (1,004 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Gatwick Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gerrard Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gerrard Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Gerrard Road |
| Jan 2024 | Other theft | Under investigation | On or near Gerrard Road |