£345,713
This estimated value is based upon the latest sale price for the house of £275,000 on 1 Dec 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £275,000 | 1 Dec 2017 |
| £222,500 | 15 May 2012 |
| £240,000 | 17 Oct 2008 |
| £235,000 | 22 Mar 2006 |
| £191,950 | 2 Aug 2002 |
| Terraced |
| Freehold |
| Floor Area: 122 sq meters or 1,313 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 2017 the House Price Index for TYNE AND WEAR was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £275,000 results in an estimated price of approximately £345,713.
| 1 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £275,000 | £70,713 | £345,713 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | -50.614 % | £-139,187 | £135,812 |
| 3 Month Average | -0.544 % | £-1,494 | £273,505 |
| 6 Month Average | 3.065 % | £8,429 | £283,429 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jan 2022 | £244,159 | £232,000 | 60 WARKWORTH WOODS |
| 15 Oct 2021 | £481,318 | £435,000 | 104 WARKWORTH WOODS |
| 3 Aug 2021 | £404,969 | £363,000 | 51 WARKWORTH WOODS |
| 28 Jun 2021 | £273,596 | £255,000 | 88 WARKWORTH WOODS |
| 23 Jun 2021 | £307,929 | £287,000 | 49 WARKWORTH WOODS |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 21 Oct 2016. Using an estimated price of £345,714 means this house is valued at £2,833 per sq meter (£263 per sq foot).
The average size of a house on WARKWORTH WOODS is 120 sq meters (1,301 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Warkworth Woods |
| Feb 2024 | Public order | Under investigation | On or near Warkworth Woods |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Warkworth Woods |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Melrose Close |
| Feb 2024 | Anti-social behaviour | On or near Dally Mews |