£138,471
This estimated value is based upon the latest sale price for the house of £111,700 on 28 Aug 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £111,700 | 28 Aug 2019 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 £111,700 results in an estimated price of approximately £138,471.
| 28 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £111,700 | £26,771 | £138,471 |
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 | 37.121 % | £41,464 | £153,164 |
| 3 Month Average | 16.945 % | £18,927 | £130,627 |
| 6 Month Average | 9.758 % | £10,899 | £122,599 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £94,396 | £92,000 | 73 GILLINGHAM ROAD |
| 3 Mar 2023 | £81,359 | £80,000 | 41 GALASHIELS ROAD |
| 20 Jul 2022 | £96,972 | £96,000 | 69 GILLINGHAM ROAD |
| 18 Jul 2022 | £106,517 | £105,450 | 7 GRINDON GARDENS |
| 10 Mar 2022 | £136,755 | £131,000 | 76 GILLINGHAM ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 19 Jul 2019. Using an estimated price of £138,472 means this house is valued at £1,538 per sq meter (£142 per sq foot).
The average size of a house on GILLINGHAM ROAD is 74 sq meters (800 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gillingham Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Gillingham Road |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gillingham Road |
| Oct 2024 | Anti-social behaviour | On or near Galashiels Road | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Galashiels Road |