£316,116
This estimated value is based upon the latest sale price for the house of £255,000 on 1 Aug 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 |
|---|---|
| £255,000 | 1 Aug 2019 |
| Detached |
| Freehold |
| Floor Area: 161 sq meters or 1,732 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 2019 the House Price Index for TYNE AND WEAR was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £255,000 results in an estimated price of approximately £316,116.
| 1 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £255,000 | £61,116 | £316,116 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -32.104 % | £-81,863 | £173,136 |
| 3 Month Average | -4.342 % | £-11,071 | £243,928 |
| 6 Month Average | 0.752 % | £1,916 | £256,916 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £310,000 | £310,000 | HARWIN WALLACE STREET |
| 6 Oct 2023 | £102,324 | £100,000 | 110 BURN PARK ROAD |
| 8 Sep 2023 | £68,510 | £67,000 | 27 GILPIN STREET |
| 28 Apr 2023 | £78,468 | £77,000 | 72 BURN PARK ROAD |
| 27 May 2022 | £114,483 | £111,500 | 102 BURN PARK ROAD |
This house has a floor area of 161 sq meters or 1,732 sq feet when measured on 21 Apr 2015. Using an estimated price of £316,117 means this house is valued at £1,963 per sq meter (£182 per sq foot).
The average size of a house on GILPIN STREET is 103 sq meters (1,114 sq feet).
This house is the largest in the street with a floor area of 161 sq meters (1,732 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Gilpin Street |
| Apr 2024 | Possession of weapons | Under investigation | On or near Gilpin Street |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Burn Park Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Burn Park Road |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Linden Grove |