£93,494
This estimated value is based upon the latest sale price for the house of £86,500 on 30 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £86,500 | 30 Jun 2021 |
| £82,500 | 15 May 2015 |
| £86,000 | 14 Dec 2007 |
| £41,000 | 2 Aug 2002 |
| £27,000 | 31 Mar 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 52 sq meters or 559 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 June 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £86,500 results in an estimated price of approximately £93,494.
| 30 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £86,500 | £6,994 | £93,494 |
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 | -4.167 % | £-3,604 | £82,895 |
| 3 Month Average | -17.337 % | £-14,996 | £71,503 |
| 6 Month Average | -8.798 % | £-7,610 | £78,889 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £94,396 | £92,000 | 73 GILLINGHAM ROAD |
| 3 Mar 2023 | £81,359 | £80,000 | 41 GALASHIELS ROAD |
| 20 Jul 2022 | £96,972 | £96,000 | 69 GILLINGHAM ROAD |
| 18 Jul 2022 | £106,517 | £105,450 | 7 GRINDON GARDENS |
| 10 Mar 2022 | £136,755 | £131,000 | 76 GILLINGHAM ROAD |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 6 Mar 2015. Using an estimated price of £93,495 means this house is valued at £1,797 per sq meter (£167 per sq foot).
The average size of a house on GALASHIELS ROAD is 67 sq meters (723 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Galashiels Road | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Galashiels Road |
| Sep 2024 | Anti-social behaviour | On or near Galashiels Road | |
| Sep 2024 | Anti-social behaviour | On or near Galashiels Road | |
| Aug 2024 | Public order | Under investigation | On or near Galashiels Road |