£100,677
This estimated value is based upon the latest sale price for the house of £78,000 on 16 Jun 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £78,000 | 16 Jun 2017 |
| £79,950 | 12 Nov 2015 |
| £77,000 | 22 Jul 2010 |
| £36,500 | 31 Aug 2001 |
| £31,000 | 18 Jul 1997 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,171 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 June 2017 the House Price Index for TYNE AND WEAR was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £78,000 results in an estimated price of approximately £100,677.
| 16 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 149.7 | 29.074 % | £78,000 | £22,677 | £100,677 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -12.441 % | £-9,704 | £68,295 |
| 3 Month Average | 16.610 % | £12,955 | £90,955 |
| 6 Month Average | 10.572 % | £8,245 | £86,245 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £310,000 | £310,000 | HARWIN WALLACE STREET |
| 6 Oct 2023 | £102,324 | £100,000 | 110 BURN PARK ROAD |
| 8 Sep 2023 | £68,510 | £67,000 | 27 GILPIN STREET |
| 31 Aug 2023 | £57,029 | £56,000 | 5 WALLACE STREET |
| 28 Apr 2023 | £78,468 | £77,000 | 72 BURN PARK ROAD |
This house has a floor area of 108 sq meters or 1,171 sq feet when measured on 2 Mar 2010. Using an estimated price of £100,678 means this house is valued at £925 per sq meter (£85 per sq foot).
The average size of a house on GILPIN STREET is 103 sq meters (1,114 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Gilpin Street |
| Apr 2024 | Possession of weapons | Under investigation | On or near Gilpin Street |
| May 2024 | Criminal damage and arson | Under investigation | On or near Wallace Street |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wallace Street |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Burn Park Road |