£144,556
This estimated value is based upon the latest sale price for the house of £117,000 on 14 Nov 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£117,000 | 14 Nov 2019 |
£21,950 | 9 Apr 1996 |
Terraced |
Freehold |
Floor Area: 56 sq meters or 602 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 November 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £117,000 results in an estimated price of approximately £144,556.
14 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 149.7 | 23.552 % | £117,000 | £27,556 | £144,556 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 45.172 % | £52,851 | £169,851 |
3 Month Average | 19.259 % | £22,532 | £139,532 |
6 Month Average | 6.147 % | £7,191 | £124,191 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £138,516 | £135,000 | 26 BATHGATE CLOSE |
4 Aug 2023 | £112,020 | £110,000 | 5 OCTAVIA COURT |
31 Mar 2023 | £66,104 | £65,000 | 5 STANWIX ENGINE INN ROAD |
27 Jan 2023 | £64,171 | £64,000 | 4 STANWIX ENGINE INN ROAD |
4 Oct 2022 | £50,033 | £50,200 | 2 CARVORAN RYTON GARDENS |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 3 Sep 2013. Using an estimated price of £144,556 means this house is valued at £2,581 per sq meter (£239 per sq foot).
The average size of a house on GIBSON STREET is 106 sq meters (1,147 sq feet).
This house is the smallest in the street with a floor area of 56 sq meters (602 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Gibson Street |
Jul 2024 | Other crime | Under investigation | On or near Gibson Street |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Gibson Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Gibson Street |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gibson Street |