£170,797
This estimated value is based upon the latest sale price for the house of £140,000 on 3 Jun 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£140,000 | 3 Jun 2020 |
£122,000 | 5 Apr 2013 |
£119,950 | 28 Oct 2005 |
Semi-Detached |
Freehold |
Floor Area: 24 sq meters or 265 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 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £140,000 results in an estimated price of approximately £170,797.
3 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.7 | 149.7 | 21.998 % | £140,000 | £30,797 | £170,797 |
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 | -25.796 % | £-36,114 | £103,885 |
3 Month Average | 6.435 % | £9,009 | £149,009 |
6 Month Average | 8.943 % | £12,519 | £152,519 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £148,565 | £144,000 | 3 CONISTON CRESCENT |
31 Oct 2023 | £138,137 | £135,000 | 43 GIBSIDE VIEW |
21 Aug 2023 | £158,865 | £156,000 | 53 RECTORY LANE |
7 Aug 2023 | £129,333 | £127,000 | 12 GRASMERE CRESCENT |
31 Jan 2023 | £117,815 | £117,500 | 69 GIBSIDE VIEW |
This house has a floor area of 24 sq meters or 265 sq feet when measured on 8 Dec 2011. Using an estimated price of £170,797 means this house is valued at £6,914 per sq meter (£642 per sq foot).
The average size of a house on GIBSIDE VIEW is 90 sq meters (972 sq feet).
This house is the smallest in the street with a floor area of 24 sq meters (265 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Gibside View | |
Jun 2024 | Anti-social behaviour | On or near Gibside View | |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gibside View |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gibside View |
May 2024 | Vehicle crime | Under investigation | On or near Gibside View |