£71,937
This estimated value is based upon the latest sale price for the house of £49,000 on 20 Mar 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £49,000 | 20 Mar 2015 |
| £25,500 | 11 May 2011 |
| £47,000 | 30 Jun 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 765 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 2015 the House Price Index for TYNE AND WEAR was 100.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 46.812%.Applying this 46.812% change to the original purchase price of £49,000 results in an estimated price of approximately £71,937.
| 20 Mar 2015 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.0 | 46.812 % | £49,000 | £22,937 | £71,937 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 236.451 % | £115,860 | £164,860 |
| 3 Month Average | 22.095 % | £10,826 | £59,826 |
| 6 Month Average | 30.260 % | £14,827 | £63,827 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £62,821 | £62,481 | 144 ATKINSON ROAD |
| 29 Mar 2023 | £50,272 | £50,000 | 125 ETHEL STREET |
| 29 Mar 2023 | £70,380 | £70,000 | 127 ETHEL STREET |
| 20 Jan 2023 | £109,042 | £110,000 | 92 ETHEL STREET |
| 4 Jan 2023 | £54,521 | £55,000 | 167 ATKINSON ROAD |
This house has a floor area of 71 sq meters or 765 sq feet when measured on 20 Sep 2011. Using an estimated price of £71,938 means this house is valued at £1,011 per sq meter (£93 per sq foot).
The average size of a house on GERALD STREET is 77 sq meters (837 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Awaiting court outcome | On or near Gerald Street |
| Apr 2024 | Other theft | Under investigation | On or near Gerald Street |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Gerald Street |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gerald Street |
| Mar 2024 | Anti-social behaviour | On or near Gerald Street |