£177,999
This estimated value is based upon the latest sale price for the house of £110,000 on 20 Apr 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£110,000 | 20 Apr 2007 |
Terraced |
Freehold |
Floor Area: 63 sq meters or 688 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 April 2007 the House Price Index for TYNE AND WEAR was 92.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.818%.Applying this 61.818% change to the original purchase price of £110,000 results in an estimated price of approximately £177,999.
20 Apr 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
92.5 | 149.7 | 61.818 % | £110,000 | £67,999 | £177,999 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 56.522 % | £62,173 | £172,173 |
3 Month Average | 32.546 % | £35,800 | £145,800 |
6 Month Average | 18.828 % | £20,711 | £130,711 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2024 | £176,533 | £175,000 | 31 CHURCHILL STREET |
3 Nov 2023 | £159,037 | £155,000 | 49 GILSLAND AVENUE |
1 Sep 2023 | £198,373 | £194,000 | 19 CHURCHILL STREET |
28 Mar 2023 | £155,090 | £152,500 | 39 GILSLAND AVENUE |
8 Jul 2022 | £139,397 | £138,000 | 42 WINDSOR DRIVE |
This house has a floor area of 63 sq meters or 688 sq feet when measured on 7 Oct 2009. Using an estimated price of £178,000 means this house is valued at £2,784 per sq meter (£258 per sq foot).
The average size of a house on GILSLAND AVENUE is 89 sq meters (960 sq feet).
This house is the smallest in the street with a floor area of 63 sq meters (688 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Theft from the person | Under investigation | On or near Greenside Avenue |
Apr 2024 | Public order | Under investigation | On or near Greenside Avenue |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Greenside Avenue |