£1,412,355
This estimated value is based upon the latest sale price for the house of £1,400,000 on 1 Aug 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Parking Area
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| Price Paid | Date |
|---|---|
| £1,400,000 | 1 Aug 2023 |
| £1,100,000 | 23 Feb 2021 |
| Freehold |
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 2023 the House Price Index for TYNE AND WEAR was 147.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.883%.Applying this 0.883% change to the original purchase price of £1,400,000 results in an estimated price of approximately £1,412,355.
| 1 Aug 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.3 | 148.6 | 0.883 % | £1,400,000 | £12,355 | £1,412,355 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -55.452 % | £-776,321 | £623,678 |
| 3 Month Average | -8.759 % | £-122,630 | £1,277,369 |
| 6 Month Average | 3.470 % | £48,580 | £1,448,580 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £157,329 | £155,000 | 38 GOSSINGTON |
| 1 Aug 2023 | £1,412,356 | £1,400,000 | HYPERDRIVE NISSAN WAY |
| 28 Jul 2023 | £167,251 | £165,000 | 24 GOSSINGTON |
| 6 Jun 2022 | £162,294 | £160,000 | 21 GOSSINGTON |
| 21 Jan 2022 | £915,595 | £870,000 | VANCOUVER HOUSE, 15 WALTON ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Parking Area |