£78,584
This estimated value is based upon the latest sale price for the house of £60,000 on 24 Feb 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Gainsborough Square
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| Price Paid | Date |
|---|---|
| £60,000 | 24 Feb 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 58 sq meters or 624 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 February 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £60,000 results in an estimated price of approximately £78,584.
| 24 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 149.7 | 30.973 % | £60,000 | £18,584 | £78,584 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 19.634 % | £11,780 | £71,780 |
| 3 Month Average | 12.914 % | £7,748 | £67,748 |
| 6 Month Average | 20.117 % | £12,070 | £72,070 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £94,396 | £92,000 | 73 GILLINGHAM ROAD |
| 18 Sep 2023 | £97,141 | £95,000 | 22 GAINSBOROUGH SQUARE |
| 20 Jul 2022 | £96,972 | £96,000 | 69 GILLINGHAM ROAD |
| 30 Jun 2022 | £66,420 | £65,000 | 40 GAINSBOROUGH ROAD |
| 27 May 2022 | £112,942 | £110,000 | 18 GAINSBOROUGH SQUARE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 21 Jun 2016. Using an estimated price of £78,584 means this house is valued at £1,354 per sq meter (£125 per sq foot).
The average size of a house on GLENEAGLES ROAD is 69 sq meters (747 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Burglary | Under investigation | On or near Gainsborough Square |
| Sep 2024 | Anti-social behaviour | On or near Gainsborough Square | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Gainsborough Square |
| Sep 2024 | Anti-social behaviour | On or near Gainsborough Square | |
| Aug 2024 | Anti-social behaviour | On or near Gainsborough Square |