£414,251
This estimated value is based upon the latest sale price for the house of £177,000 on 8 Jul 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £177,000 | 8 Jul 2003 |
| £78,500 | 25 Mar 1999 |
| Semi-Detached |
| Freehold |
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 July 2003 the House Price Index for TYNE AND WEAR was 64.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 134.040%.Applying this 134.040% change to the original purchase price of £177,000 results in an estimated price of approximately £414,251.
| 8 Jul 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 149.7 | 134.040 % | £177,000 | £237,251 | £414,251 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 83.615 % | £147,997 | £324,997 |
| 3 Month Average | 115.729 % | £204,839 | £381,839 |
| 6 Month Average | 139.360 % | £246,667 | £423,667 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £156,819 | £152,000 | 6 GORSEDENE AVENUE |
| 11 Dec 2023 | £270,306 | £262,000 | 22 GERRARD ROAD |
| 17 Nov 2023 | £328,334 | £320,000 | 16 GERRARD ROAD |
| 15 Sep 2023 | £368,115 | £360,000 | 35 GERRARD ROAD |
| 3 Mar 2023 | £289,840 | £285,000 | 64 GERRARD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gerrard Road |
| Apr 2024 | Shoplifting | Under investigation | On or near Gerrard Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gerrard Road |
| Jun 2024 | Anti-social behaviour | On or near Gerrard Close | |
| Jun 2024 | Anti-social behaviour | On or near Gerrard Close |