£88,870
This estimated value is based upon the latest sale price for the house of £53,500 on 17 Jul 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 |
|---|---|
| £53,500 | 17 Jul 2013 |
| £89,950 | 17 Sep 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2013 the House Price Index for TYNE AND WEAR was 89.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.112%.Applying this 66.112% change to the original purchase price of £53,500 results in an estimated price of approximately £88,870.
| 17 Jul 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 148.6 | 66.112 % | £53,500 | £35,370 | £88,870 |
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 | 35.329 % | £18,900 | £72,400 |
| 3 Month Average | 7.767 % | £4,155 | £57,655 |
| 6 Month Average | 9.489 % | £5,076 | £58,576 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £93,383 | £92,000 | 73 GILLINGHAM ROAD |
| 3 Mar 2023 | £80,761 | £80,000 | 41 GALASHIELS ROAD |
| 20 Jul 2022 | £96,259 | £96,000 | 69 GILLINGHAM ROAD |
| 18 Jul 2022 | £105,735 | £105,450 | 7 GRINDON GARDENS |
| 10 Mar 2022 | £135,750 | £131,000 | 76 GILLINGHAM ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 18 Apr 2018. Using an estimated price of £88,870 means this house is valued at £1,097 per sq meter (£101 per sq foot).
The average size of a house on GALASHIELS ROAD is 67 sq meters (723 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Galashiels Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Galashiels Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Galashiels Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Geddes Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Geddes Road |