£150,428
This estimated value is based upon the latest sale price for the house of £71,000 on 13 Feb 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £71,000 | 13 Feb 2004 |
| £43,500 | 14 May 2002 |
| Terraced |
| Freehold |
| Floor Area: 42 sq meters or 452 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 February 2004 the House Price Index for TYNE AND WEAR was 70.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 111.871%.Applying this 111.871% change to the original purchase price of £71,000 results in an estimated price of approximately £150,428.
| 13 Feb 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 148.6 | 111.871 % | £71,000 | £79,428 | £150,428 |
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 | 45.824 % | £32,535 | £103,535 |
| 3 Month Average | 35.850 % | £25,453 | £96,453 |
| 6 Month Average | 45.755 % | £32,485 | £103,485 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £93,383 | £92,000 | 73 GILLINGHAM ROAD |
| 3 Apr 2023 | £86,936 | £86,000 | 14 GEDDES ROAD |
| 9 Sep 2022 | £119,039 | £120,000 | 1 GALWAY SQUARE |
| 5 Aug 2022 | £87,764 | £88,000 | 140 GALASHIELS ROAD |
| 20 Jul 2022 | £96,259 | £96,000 | 69 GILLINGHAM ROAD |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 28 Apr 2014. Using an estimated price of £150,429 means this house is valued at £3,581 per sq meter (£332 per sq foot).
The average size of a house on GALWAY ROAD is 75 sq meters (807 sq feet).
This house is the smallest in the street with a floor area of 42 sq meters (452 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Galway Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Galway Road |
| Dec 2023 | Anti-social behaviour | On or near Galway Road | |
| Dec 2023 | Anti-social behaviour | On or near Galway Road | |
| Dec 2023 | Anti-social behaviour | On or near Galway Road |