£781,551
This estimated value is based upon the latest sale price for the house of £550,000 on 17 Jul 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £550,000 | 17 Jul 2015 |
| £412,500 | 22 Nov 2004 |
| £176,000 | 9 Mar 2000 |
| Detached |
| Freehold |
| Floor Area: 315 sq meters or 3,390 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 July 2015 the House Price Index for TYNE AND WEAR was 103.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 42.100%.Applying this 42.100% change to the original purchase price of £550,000 results in an estimated price of approximately £781,551.
| 17 Jul 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 146.7 | 42.100 % | £550,000 | £231,551 | £781,551 |
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 | 3.381 % | £18,595 | £568,595 |
| 3 Month Average | 37.237 % | £204,805 | £754,805 |
| 6 Month Average | 32.268 % | £177,471 | £727,471 |
This house has a floor area of 315 sq meters or 3,390 sq feet when measured on 24 Jul 2014.
The average size of a house on GILL BURN is 387 sq meters (4,169 sq feet).
This house is the largest in the street with a floor area of 315 sq meters (3,390 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 |