£169,886
This estimated value is based upon the latest sale price for the house of £170,000 on 9 Sep 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £170,000 | 9 Sep 2022 |
| £164,950 | 30 Aug 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 762 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 September 2022 the House Price Index for TYNE AND WEAR was 149.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £170,000 results in an estimated price of approximately £169,886.
| 9 Sep 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 149.7 | -0.067 % | £170,000 | £-113 | £169,886 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -31.397 % | £-53,374 | £116,625 |
| 3 Month Average | 5.170 % | £8,788 | £178,788 |
| 6 Month Average | 0.564 % | £958 | £170,958 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £134,165 | £133,000 | 12 ROBINSONS DRIVE |
| 12 Dec 2023 | £142,891 | £138,500 | 34 LOW MILL VILLAS |
| 6 Apr 2023 | £127,383 | £125,000 | 6 GIBSONS COURT |
| 17 Feb 2023 | £226,513 | £225,000 | 14 GIBSONS COURT |
| 10 Feb 2023 | £177,184 | £176,000 | 9 LOW MILL VILLAS |
This house has a floor area of 70 sq meters or 762 sq feet when measured on 6 Aug 2010. Using an estimated price of £169,887 means this house is valued at £2,398 per sq meter (£222 per sq foot).
The average size of a house on GIBSONS COURT is 90 sq meters (979 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Rennison Mews | |
| May 2024 | Anti-social behaviour | On or near Rennison Mews | |
| May 2024 | Anti-social behaviour | On or near Rennison Mews | |
| Jul 2024 | Anti-social behaviour | On or near Haggerstone Mews | |
| Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Robinsons Drive |