£100,138
This estimated value is based upon the latest sale price for the house of £98,600 on 22 Mar 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £98,600 | 22 Mar 2024 |
| £91,000 | 12 Aug 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 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 2024 the House Price Index for TYNE AND WEAR was 147.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.560%.Applying this 1.560% change to the original purchase price of £98,600 results in an estimated price of approximately £100,138.
| 22 Mar 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.4 | 149.7 | 1.560 % | £98,600 | £1,538 | £100,138 |
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 | 19.632 % | £19,357 | £117,957 |
| 3 Month Average | 18.870 % | £18,605 | £117,205 |
| 6 Month Average | 6.785 % | £6,689 | £105,289 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £100,139 | £98,600 | 7 GALWAY SQUARE |
| 27 Nov 2023 | £112,865 | £110,000 | 6 GEDDES ROAD |
| 3 Apr 2023 | £87,639 | £86,000 | 14 GEDDES ROAD |
| 9 Sep 2022 | £119,920 | £120,000 | 1 GALWAY SQUARE |
| 5 Aug 2022 | £88,413 | £88,000 | 140 GALASHIELS ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 8 Jul 2020. Using an estimated price of £100,139 means this house is valued at £1,517 per sq meter (£140 per sq foot).
The average size of a house on GALWAY SQUARE is 94 sq meters (1,015 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Galway Square | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Galway Square |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Galway Square |
| Apr 2024 | Anti-social behaviour | On or near Galway Square | |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Galway Square |