£84,558
This estimated value is based upon the latest sale price for the house of £81,000 on 11 Mar 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £81,000 | 11 Mar 2022 |
| £81,750 | 23 Feb 2007 |
| £34,250 | 27 Apr 2001 |
| Terraced |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 March 2022 the House Price Index for TYNE AND WEAR was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £81,000 results in an estimated price of approximately £84,558.
| 11 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £81,000 | £3,558 | £84,558 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 27.389 % | £22,185 | £103,185 |
| 3 Month Average | 14.825 % | £12,008 | £93,008 |
| 6 Month Average | 19.752 % | £15,999 | £96,999 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2024 | £132,000 | £132,000 | 18 GLOUCESTER WAY |
| 1 May 2024 | £157,000 | £157,000 | 61 DURHAM DRIVE |
| 27 Oct 2023 | £163,718 | £160,000 | 35 HEREFORD WAY |
| 12 Apr 2023 | £109,039 | £107,000 | 7 EXETER WAY |
| 14 Mar 2023 | £121,021 | £119,000 | 56 GLOUCESTER WAY |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 29 Nov 2021. Using an estimated price of £84,559 means this house is valued at £1,626 per sq meter (£151 per sq foot).
The average size of a house on GLOUCESTER WAY is 69 sq meters (752 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Hereford Way | |
| Oct 2024 | Anti-social behaviour | On or near Hereford Way | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Hereford Way |
| Sep 2024 | Anti-social behaviour | On or near Hereford Way | |
| Sep 2024 | Anti-social behaviour | On or near Hereford Way |