£115,764
This estimated value is based upon the latest sale price for the house of £110,000 on 7 Jan 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £110,000 | 7 Jan 2022 |
| £84,950 | 3 Aug 2018 |
| £75,000 | 28 Jun 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 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 £110,000 results in an estimated price of approximately £115,764.
| 7 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £110,000 | £5,764 | £115,764 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 14.136 % | £15,549 | £125,549 |
| 3 Month Average | 31.991 % | £35,190 | £145,190 |
| 6 Month Average | 14.660 % | £16,126 | £126,126 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Dec 2023 | £111,959 | £110,000 | 2 LANDSEER GARDENS |
| 27 Nov 2023 | £61,917 | £61,000 | 56 ESK STREET |
| 16 Jun 2023 | £98,696 | £97,500 | 34 GAINSBOROUGH CRESCENT |
| 29 Sep 2022 | £97,215 | £98,000 | 13 LANDSEER GARDENS |
| 5 Aug 2022 | £54,852 | £55,000 | 26 ESK STREET |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 30 Apr 2014. Using an estimated price of £115,765 means this house is valued at £1,543 per sq meter (£143 per sq foot).
The average size of a house on GAINSBOROUGH CRESCENT is 104 sq meters (1,119 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Raeburn Gardens |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Romney Gardens |
| Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near Romney Gardens |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Romney Gardens |