£121,903
This estimated value is based upon the latest sale price for the house of £78,000 on 9 Nov 2007. This value is then adjusted by the current Official House Price Index for NORTHUMBERLAND 1
There has been one burglary within the last year on or near Gareston Close
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| Price Paid | Date |
|---|---|
| £78,000 | 9 Nov 2007 |
| £22,500 | 3 May 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTHUMBERLAND to estimate the market value.
When this house was purchased in November 2007 the House Price Index for NORTHUMBERLAND was 95.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.287%.Applying this 56.287% change to the original purchase price of £78,000 results in an estimated price of approximately £121,903.
| 9 Nov 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 149.7 | 56.287 % | £78,000 | £43,903 | £121,903 |
The Postcode Pricing Model uses changes in average sales price within the NE24 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 | -12.530 % | £-9,773 | £68,226 |
| 3 Month Average | 28.937 % | £22,570 | £100,570 |
| 6 Month Average | 9.274 % | £7,234 | £85,234 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £96,482 | £95,000 | 26 HORTONDALE GROVE |
| 20 Oct 2023 | £112,556 | £110,000 | 8 GARESTON CLOSE |
| 31 Aug 2023 | £117,112 | £115,000 | 5 HALLSIDE ROAD |
| 21 Aug 2023 | £71,286 | £70,000 | 27 AXWELL DRIVE |
| 23 Jun 2023 | £112,249 | £110,000 | 52 DENE VIEW DRIVE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 3 Oct 2014. Using an estimated price of £121,904 means this house is valued at £1,543 per sq meter (£143 per sq foot).
The average size of a house on GARESTON CLOSE is 84 sq meters (906 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Possession of weapons | Awaiting court outcome | On or near Gareston Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Gareston Close |
| Jun 2024 | Public order | Under investigation | On or near Gareston Close |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Gareston Close |
| Jul 2024 | Public order | Under investigation | On or near Axwell Drive |