£793,382
This estimated value is based upon the latest sale price for the house of £465,000 on 18 Dec 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £465,000 | 18 Dec 2009 |
| £485,000 | 1 Aug 2008 |
| £395,000 | 25 Jul 2003 |
| £236,000 | 8 May 2000 |
| Detached |
| Freehold |
| Floor Area: 222 sq meters or 2,397 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 December 2009 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 70.620%.Applying this 70.620% change to the original purchase price of £465,000 results in an estimated price of approximately £793,382.
| 18 Dec 2009 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 146.7 | 70.620 % | £465,000 | £328,382 | £793,382 |
The Postcode Pricing Model uses changes in average sales price within the NE39 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 | -35.274 % | £-164,022 | £300,977 |
| 3 Month Average | 11.303 % | £52,560 | £517,560 |
| 6 Month Average | 29.898 % | £139,025 | £604,025 |
This house has a floor area of 222 sq meters or 2,397 sq feet when measured on 29 Apr 2009.
The average size of a house on GILL BURN is 387 sq meters (4,169 sq feet).
This house is the smallest in the street with a floor area of 222 sq meters (2,397 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Rookswood Gardens |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Garesfield Gardens |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Woodlands Road |
| Mar 2024 | Anti-social behaviour | On or near Woodlands Road | |
| Mar 2024 | Anti-social behaviour | On or near Woodlands Road |