£150,877
This estimated value is based upon the latest sale price for the house of £89,000 on 22 Aug 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £89,000 | 22 Aug 2008 |
| £82,000 | 19 May 2006 |
| £38,000 | 1 Feb 2002 |
| Terraced |
| Freehold |
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 2008 the House Price Index for TYNE AND WEAR was 88.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 69.526%.Applying this 69.526% change to the original purchase price of £89,000 results in an estimated price of approximately £150,877.
| 22 Aug 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.3 | 149.7 | 69.526 % | £89,000 | £61,877 | £150,877 |
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 | -10.482 % | £-9,328 | £79,671 |
| 3 Month Average | 24.673 % | £21,959 | £110,959 |
| 6 Month Average | 20.742 % | £18,460 | £107,460 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 25 Nov 2022 | £3,993 | £4,012 | 11 AMBROSE COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Half Fields Road |
| Jun 2024 | Anti-social behaviour | On or near Church Street | |
| Jun 2024 | Anti-social behaviour | On or near Church Street | |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Church Street |
| Jul 2024 | Other theft | Under investigation | On or near Petrol Station |