£155,062
This estimated value is based upon the latest sale price for the house of £123,000 on 24 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £123,000 | 24 Nov 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 November 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £123,000 results in an estimated price of approximately £155,062.
| 24 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £123,000 | £32,062 | £155,062 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 5.956 % | £7,326 | £130,326 |
| 3 Month Average | 7.270 % | £8,941 | £131,941 |
| 6 Month Average | 22.251 % | £27,369 | £150,369 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £188,295 | £185,000 | 34 RUSWARP DRIVE |
| 2 Aug 2022 | £151,592 | £152,000 | 17 CLOSEBURN SQUARE |
| 29 Jul 2022 | £165,445 | £165,000 | 61 GAYHURST CRESCENT |
| 8 Jul 2022 | £220,594 | £220,000 | 26 RUSWARP DRIVE |
| 24 Jun 2022 | £263,676 | £259,950 | 25 RUSWARP DRIVE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 30 Dec 2014. Using an estimated price of £155,062 means this house is valued at £2,013 per sq meter (£187 per sq foot).
The average size of a house on GAYHURST CRESCENT is 88 sq meters (952 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Robbery | Investigation complete; no suspect identified | On or near Newstead Square |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Drybeck Square |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Drybeck Square |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Ruswarp Drive |
| Mar 2024 | Other theft | Under investigation | On or near Torphin Hill Drive |