£73,934
This estimated value is based upon the latest sale price for the house of £60,000 on 15 May 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £60,000 | 15 May 2020 |
| £60,000 | 15 May 2020 |
| £13,000 | 27 Jul 2001 |
| £22,500 | 26 May 1995 |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 May 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £60,000 results in an estimated price of approximately £73,934.
| 15 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £60,000 | £13,934 | £73,934 |
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 | 33.050 % | £19,830 | £79,830 |
| 3 Month Average | 37.847 % | £22,708 | £82,708 |
| 6 Month Average | 14.728 % | £8,836 | £68,836 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £72,108 | £71,000 | 73 BARRASFORD STREET |
| 6 Sep 2023 | £38,857 | £38,000 | 66 BARRASFORD STREET |
| 31 Aug 2023 | £52,955 | £52,000 | 66 GALLANT TERRACE |
| 31 Mar 2023 | £37,120 | £36,500 | 12 BARRASFORD STREET |
| 1 Jul 2022 | £88,891 | £88,000 | 72 GALLANT TERRACE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 24 May 2018. Using an estimated price of £73,934 means this house is valued at £1,173 per sq meter (£109 per sq foot).
The average size of a house on GALLANT TERRACE is 84 sq meters (904 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Brinkburn Street | |
| May 2024 | Anti-social behaviour | On or near Brinkburn Street | |
| May 2024 | Anti-social behaviour | On or near Brinkburn Street | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Meldon Street |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Meldon Street |