£119,826
This estimated value is based upon the latest sale price for the house of £90,000 on 12 Aug 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £90,000 | 12 Aug 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 August 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £90,000 results in an estimated price of approximately £119,826.
| 12 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £90,000 | £29,826 | £119,826 |
The Postcode Pricing Model uses changes in average sales price within the NE35 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 | 261.056 % | £234,949 | £324,949 |
| 3 Month Average | 46.769 % | £42,091 | £132,091 |
| 6 Month Average | 86.833 % | £78,149 | £168,149 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £20,714,327 | £20,351,894 | ASDA STORES LTD NORTH ROAD |
| 8 Sep 2023 | £76,984 | £76,000 | 39 ARNOLD STREET |
| 7 Sep 2023 | £172,202 | £170,000 | 19 OSWALD CLOSE |
| 17 Jul 2023 | £147,485 | £145,500 | 9 OSWALD CLOSE |
| 28 Apr 2023 | £88,958 | £88,000 | 18 NORTH ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 17 Jun 2016. Using an estimated price of £119,827 means this house is valued at £1,261 per sq meter (£117 per sq foot).
The average size of a house on GIBSON COURT is 142 sq meters (1,533 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Gibson Court |
| Apr 2024 | Anti-social behaviour | On or near Gibson Court | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Gibson Court |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Gibson Court |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Gibson Court |