£323,224
This estimated value is based upon the latest sale price for the house of £265,000 on 7 Jan 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Wallace Street
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Price Paid | Date |
---|---|
£265,000 | 7 Jan 2020 |
£165,000 | 14 Nov 2016 |
Detached |
Freehold |
Floor Area: 91 sq meters or 979 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 January 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £265,000 results in an estimated price of approximately £323,224.
7 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.8 | 148.6 | 21.971 % | £265,000 | £58,224 | £323,224 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 2.149 % | £5,695 | £270,695 |
3 Month Average | 23.322 % | £61,802 | £326,802 |
6 Month Average | 8.616 % | £22,832 | £287,832 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Sep 2023 | £67,868 | £67,000 | 27 GILPIN STREET |
31 Aug 2023 | £56,494 | £56,000 | 5 WALLACE STREET |
28 Apr 2023 | £77,838 | £77,000 | 72 BURN PARK ROAD |
27 May 2022 | £113,641 | £111,500 | 102 BURN PARK ROAD |
22 Apr 2022 | £72,086 | £70,000 | 10 VIOLET STREET |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 22 Jan 2016. Using an estimated price of £323,224 means this house is valued at £3,551 per sq meter (£329 per sq foot).
The average size of a house on GILPIN STREET is 103 sq meters (1,114 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Burglary | Under investigation | On or near Wallace Street |
Jan 2024 | Burglary | Under investigation | On or near Wallace Street |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Burn Park Road |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Burn Park Road |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Burn Park Road |