£79,038
This estimated value is based upon the latest sale price for the house of £80,000 on 9 Sep 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 |
|---|---|
| £80,000 | 9 Sep 2022 |
| £65,000 | 8 Nov 2019 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 September 2022 the House Price Index for TYNE AND WEAR was 149.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -1.202%.Applying this -1.202% change to the original purchase price of £80,000 results in an estimated price of approximately £79,038.
| 9 Sep 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 148.0 | -1.202 % | £80,000 | £-961 | £79,038 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -21.094 % | £-16,875 | £63,125 |
| 3 Month Average | 15.544 % | £12,435 | £92,435 |
| 6 Month Average | -1.536 % | £-1,228 | £78,771 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £79,250 | £78,500 | 92 COLTSFOOT GARDENS |
| 3 Mar 2023 | £191,033 | £190,000 | 44 MEADOW RISE |
| 18 Nov 2022 | £91,887 | £93,000 | 26 CRANESVILLE |
| 9 Sep 2022 | £79,039 | £80,000 | 44 GORSEHILL |
| 15 Jul 2022 | £84,885 | £85,000 | 72 GORSEHILL |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 7 Feb 2019. Using an estimated price of £79,039 means this house is valued at £1,082 per sq meter (£100 per sq foot).
The average size of a house on GORSEHILL is 95 sq meters (1,025 sq feet).
This house is the smallest in the street with a floor area of 73 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Anti-social behaviour | On or near Parking Area |