£367,096
This estimated value is based upon the latest sale price for the house of £317,500 on 22 Dec 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £317,500 | 22 Dec 2020 |
| £227,000 | 22 Sep 2005 |
| Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 December 2020 the House Price Index for TYNE AND WEAR was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £317,500 results in an estimated price of approximately £367,096.
| 22 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £317,500 | £49,596 | £367,096 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 19.311 % | £61,311 | £378,811 |
| 3 Month Average | 12.972 % | £41,186 | £358,686 |
| 6 Month Average | 11.405 % | £36,210 | £353,710 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Apr 2024 | £544,730 | £540,000 | 17 WELL RIDGE PARK |
| 31 Aug 2023 | £616,112 | £605,000 | 5 WELL RIDGE PARK |
| 5 Jun 2023 | £668,395 | £655,000 | 13 HADDINGTON ROAD |
| 18 Apr 2023 | £461,634 | £453,000 | 6 CASETON CLOSE |
| 17 Feb 2023 | £402,690 | £400,000 | 26 WELL RIDGE CLOSE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 28 Jul 2012. Using an estimated price of £367,096 means this house is valued at £4,532 per sq meter (£421 per sq foot).
The average size of a house on GAINSBOROUGH CLOSE is 115 sq meters (1,239 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Dovecote Close | |
| Sep 2024 | Anti-social behaviour | On or near Dovecote Close | |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Huntly Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Hillsden Road |
| Jul 2024 | Public order | Awaiting court outcome | On or near Hillsden Road |