£375,059
This estimated value is based upon the latest sale price for the house of £194,950 on 21 Sep 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£194,950 | 21 Sep 2004 |
Detached |
Freehold |
Floor Area: 97 sq meters or 1,044 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 September 2004 the House Price Index for TYNE AND WEAR was 77.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 92.387%.Applying this 92.387% change to the original purchase price of £194,950 results in an estimated price of approximately £375,059.
21 Sep 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
77.8 | 149.7 | 92.387 % | £194,950 | £180,109 | £375,059 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -76.120 % | £-148,396 | £46,553 |
3 Month Average | -1.215 % | £-2,367 | £192,582 |
6 Month Average | 24.459 % | £47,682 | £242,632 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £355,937 | £345,000 | 6 WELLGARTH ROAD |
27 Oct 2023 | £281,391 | £275,000 | 17 THE FARTHINGS |
2 Oct 2023 | £268,600 | £262,500 | 15 WELLGARTH ROAD |
1 Aug 2023 | £101,786 | £99,950 | 59 WELLBURN ROAD |
7 Feb 2023 | £216,446 | £215,000 | 13 FARM CLOSE |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 16 Nov 2021. Using an estimated price of £375,059 means this house is valued at £3,866 per sq meter (£359 per sq foot).
The average size of a house on FARM CLOSE is 144 sq meters (1,550 sq feet).
This house is the smallest in the street with a floor area of 97 sq meters (1,044 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Under investigation | On or near Farm Close |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Wellgarth Road |
Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Wellgarth Road |
Jun 2024 | Burglary | Under investigation | On or near Wellgarth Road |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wellgarth Road |