£118,225
This estimated value is based upon the latest sale price for the house of £75,000 on 10 Jul 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 10 Jul 2007 |
| £26,000 | 13 Mar 2001 |
| £27,000 | 10 Nov 2000 |
| Flats/Maisonettes |
| Leasehold |
| 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 July 2007 the House Price Index for TYNE AND WEAR was 94.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.634%.Applying this 57.634% change to the original purchase price of £75,000 results in an estimated price of approximately £118,225.
| 10 Jul 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 148.6 | 57.634 % | £75,000 | £43,225 | £118,225 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 8.447 % | £6,335 | £81,335 |
| 3 Month Average | 8.427 % | £6,320 | £81,320 |
| 6 Month Average | 17.716 % | £13,287 | £88,287 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £96,343 | £95,500 | 26 TALBOT ROAD |
| 22 Aug 2023 | £67,591 | £67,000 | 87 GORDON ROAD |
| 17 Jul 2023 | £86,160 | £85,000 | 19 CROFTON STREET |
| 28 Feb 2023 | £59,960 | £60,000 | 82 GORDON ROAD |
| 12 Aug 2022 | £74,799 | £75,000 | 60 GORDON ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 21 Feb 2017. Using an estimated price of £118,226 means this house is valued at £1,619 per sq meter (£150 per sq foot).
The average size of a house on GORDON ROAD is 75 sq meters (816 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gordon Road |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Gordon Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gordon Road |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Gordon Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Gordon Road |