£363,413
This estimated value is based upon the latest sale price for the house of £290,000 on 29 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£290,000 | 29 Jun 2018 |
£71,500 | 2 Feb 1995 |
Detached |
Freehold |
Floor Area: 102 sq meters or 1,097 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 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £290,000 results in an estimated price of approximately £363,413.
29 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.5 | 149.7 | 25.315 % | £290,000 | £73,413 | £363,413 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -35.454 % | £-102,816 | £187,183 |
3 Month Average | 38.276 % | £111,001 | £401,001 |
6 Month Average | 37.435 % | £108,560 | £398,560 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Apr 2024 | £474,117 | £470,000 | 12 HERTFORD CLOSE |
31 Aug 2023 | £616,112 | £605,000 | 5 WELL RIDGE PARK |
5 Jun 2023 | £668,395 | £655,000 | 13 HADDINGTON ROAD |
17 Feb 2023 | £402,690 | £400,000 | 26 WELL RIDGE CLOSE |
15 Nov 2022 | £418,045 | £420,000 | 43 WELL RIDGE CLOSE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 24 Jan 2018. Using an estimated price of £363,414 means this house is valued at £3,562 per sq meter (£331 per sq foot).
The average size of a house on GAINSBOROUGH CLOSE is 115 sq meters (1,239 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Huntly Road |
Jul 2024 | Public order | Awaiting court outcome | On or near Hillsden Road |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Hillsden Road |
Jun 2024 | Other crime | Local resolution | On or near Hascombe Close |
Jun 2024 | Vehicle crime | Under investigation | On or near Beaconsfield Close |