£108,714
This estimated value is based upon the latest sale price for the house of £88,000 on 29 Mar 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Wetherby Close
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| Price Paid | Date |
|---|---|
| £88,000 | 29 Mar 2019 |
| £106,110 | 17 Mar 2008 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.539%.Applying this 23.539% change to the original purchase price of £88,000 results in an estimated price of approximately £108,714.
| 29 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.539 % | £88,000 | £20,714 | £108,714 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 43.293 % | £38,097 | £126,097 |
| 3 Month Average | 6.097 % | £5,364 | £93,364 |
| 6 Month Average | 5.343 % | £4,701 | £92,701 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £73,589 | £72,500 | 5 TESLA STREET |
| 3 Nov 2023 | £66,484 | £65,500 | 22 ST MATTHEWS TERRACE |
| 22 Sep 2023 | £86,101 | £85,000 | 8 BROMPTON TERRACE |
| 1 Feb 2023 | £108,927 | £109,000 | 11 ST MATTHEWS TERRACE |
| 23 Jun 2022 | £169,394 | £167,000 | 11 LUMLEY CRESCENT |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 22 Oct 2014. Using an estimated price of £108,714 means this house is valued at £1,087 per sq meter (£100 per sq foot).
The average size of a house on ELECTRIC CRESCENT is 106 sq meters (1,150 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wetherby Close |
| Mar 2024 | Burglary | Awaiting court outcome | On or near Wetherby Close |
| Apr 2024 | Other crime | Under investigation | On or near Edison Close |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Philadelphia Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Philadelphia Lane |