£328,985
This estimated value is based upon the latest sale price for the house of £325,000 on 30 Jun 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£325,000 | 30 Jun 2023 |
£172,500 | 13 May 2011 |
£155,000 | 27 Nov 2003 |
£44,150 | 31 Jan 2002 |
Terraced |
Freehold |
Floor Area: 102 sq meters or 1,099 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 2023 the House Price Index for TYNE AND WEAR was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £325,000 results in an estimated price of approximately £328,985.
30 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.8 | 148.6 | 1.226 % | £325,000 | £3,985 | £328,985 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -24.003 % | £-78,011 | £246,988 |
3 Month Average | -2.114 % | £-6,868 | £318,131 |
6 Month Average | 2.559 % | £8,317 | £333,317 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Jul 2023 | £334,502 | £330,000 | 6 CAYNHAM CLOSE |
30 Jun 2023 | £328,985 | £325,000 | 1 WESTBURY ROAD |
12 Apr 2023 | £389,190 | £385,000 | 21 WENLOCK DRIVE |
27 Jan 2023 | £308,547 | £310,000 | 35 CLEEHILL DRIVE |
31 May 2022 | £377,106 | £370,000 | 28 WENLOCK DRIVE |
This house has a floor area of 102 sq meters or 1,099 sq feet when measured on 12 Apr 2010. Using an estimated price of £328,985 means this house is valued at £3,220 per sq meter (£299 per sq foot).
The average size of a house on WESTBURY ROAD is 148 sq meters (1,599 sq feet).
This house is the largest in the street with a floor area of 102 sq meters (1,099 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Wenlock Drive |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Cleehill Drive |
Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Ludlow Avenue |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Langdon Close |
Apr 2024 | Anti-social behaviour | On or near Langdon Close |