£83,413
This estimated value is based upon the latest sale price for the house of £63,500 on 23 Mar 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£63,500 | 23 Mar 2018 |
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 March 2018 the House Price Index for TYNE AND WEAR was 79.4.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 31.360%.Applying this 31.360% change to the original purchase price of £63,500 results in an estimated price of approximately £83,413.
23 Mar 2018 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
79.4 | 104.3 | 31.360 % | £63,500 | £19,913 | £83,413 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 54.205 % | £34,420 | £97,920 |
3 Month Average | 39.432 % | £25,039 | £88,539 |
6 Month Average | 26.338 % | £16,724 | £80,224 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2024 | £51,583 | £50,000 | 7 GALWAY ROAD |
10 Dec 2024 | £126,893 | £123,000 | 140 GALASHIELS ROAD |
10 Dec 2024 | £90,270 | £87,500 | 71 GALASHIELS ROAD |
6 Dec 2024 | £118,640 | £115,000 | 130 GLENEAGLES ROAD |
30 Oct 2024 | £114,615 | £110,000 | 98 GLENEAGLES ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 16 Sep 2011. Using an estimated price of £83,414 means this house is valued at £1,142 per sq meter (£106 per sq foot).
The average size of a house on GILLINGHAM ROAD is 74 sq meters (800 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2025 | Violence and sexual offences | Under investigation | On or near Galway Road |
Mar 2025 | Drugs | Awaiting court outcome | On or near Gillingham Road |
Jan 2025 | Violence and sexual offences | Under investigation | On or near Gillingham Road |
Jan 2025 | Drugs | Under investigation | On or near Gillingham Road |
Mar 2025 | Violence and sexual offences | Under investigation | On or near Galashiels Road |