£492,281
This estimated value is based upon the latest sale price for the house of £500,000 on 4 Aug 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £500,000 | 4 Aug 2022 |
| £418,500 | 5 Nov 2020 |
| Terraced |
| Freehold |
| Floor Area: 147 sq meters or 1,582 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 August 2022 the House Price Index for TYNE AND WEAR was 149.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.544%.Applying this -1.544% change to the original purchase price of £500,000 results in an estimated price of approximately £492,281.
| 4 Aug 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 146.7 | -1.544 % | £500,000 | £-7,718 | £492,281 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | -58.753 % | £-293,764 | £206,235 |
| 3 Month Average | -39.568 % | £-197,837 | £302,162 |
| 6 Month Average | -14.683 % | £-73,412 | £426,587 |
This house has a floor area of 147 sq meters or 1,582 sq feet when measured on 2 Apr 2012.
The average size of a house on GOWAN TERRACE is 155 sq meters (1,668 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Gowan Terrace | |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gowan Terrace |
| Feb 2024 | Anti-social behaviour | On or near Gowan Terrace | |
| Feb 2024 | Anti-social behaviour | On or near Gowan Terrace | |
| Jan 2024 | Anti-social behaviour | On or near Gowan Terrace |