£1,052,407
This estimated value is based upon the latest sale price for the house of £1,000,000 on 18 Jan 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 |
|---|---|
| £1,000,000 | 18 Jan 2022 |
| Leasehold |
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 2022 the House Price Index for TYNE AND WEAR was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £1,000,000 results in an estimated price of approximately £1,052,407.
| 18 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £1,000,000 | £52,407 | £1,052,407 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | 80.233 % | £802,325 | £1,802,325 |
| 3 Month Average | 9.200 % | £92,003 | £1,092,003 |
| 6 Month Average | 19.902 % | £199,020 | £1,199,020 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £16,505,320 | £16,216,531 | ASDA STORES LTD, 1 GIBSIDE WAY |
| 3 Nov 2023 | £149,209 | £147,000 | TMG BUILDING SUPPLIES MILLERS LANE |
| 18 Jul 2023 | £226,042 | £223,000 | 57 CHESTER PIKE |
| 17 Mar 2023 | £156,474 | £155,000 | 52 CHESTER PIKE |
| 8 Mar 2023 | £1,514,266 | £1,500,000 | METRO HOUSE METROCENTRE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Gibside Way |
| Mar 2024 | Other theft | Under investigation | On or near Gibside Way |
| Mar 2024 | Anti-social behaviour | On or near Gibside Way | |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Gibside Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Gibside Way |