£355,340
This estimated value is based upon the latest sale price for the house of £279,500 on 4 Oct 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 |
|---|---|
| £279,500 | 4 Oct 2017 |
| £195,100 | 14 Sep 2016 |
| £95,000 | 28 Jun 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 October 2017 the House Price Index for TYNE AND WEAR was 117.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £279,500 results in an estimated price of approximately £355,340.
| 4 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £279,500 | £75,840 | £355,340 |
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 | 40.873 % | £114,239 | £393,739 |
| 3 Month Average | 23.090 % | £64,537 | £344,037 |
| 6 Month Average | 29.648 % | £82,865 | £362,365 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 19 Aug 2022 | £347,302 | £345,678 | 30 GERRARD ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 24 Mar 2016. Using an estimated price of £355,340 means this house is valued at £5,004 per sq meter (£464 per sq foot).
The average size of a house on GERRARD ROAD is 95 sq meters (1,023 sq feet).
| 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 Craneswater Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Craneswater Avenue |