£214,422
This estimated value is based upon the latest sale price for the house of £184,950 on 17 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£184,950 | 17 Nov 2020 |
£100,000 | 1 Feb 2013 |
Semi-Detached |
Freehold |
Floor Area: 95 sq meters or 1,022 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £184,950 results in an estimated price of approximately £214,422.
17 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
128.2 | 148.6 | 15.935 % | £184,950 | £29,472 | £214,422 |
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 | -42.907 % | £-79,356 | £105,593 |
3 Month Average | -30.491 % | £-56,392 | £128,557 |
6 Month Average | -23.468 % | £-43,403 | £141,546 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £114,500 | £114,500 | 65 OXFORD AVENUE |
15 Dec 2023 | £152,162 | £149,500 | FLAT 21 WEARDALE HOUSE WASHINGTON CENTRE |
15 Dec 2023 | £156,234 | £153,500 | 39 OXFORD AVENUE |
30 Aug 2023 | £150,819 | £149,500 | FLAT 23 WEARDALE HOUSE WASHINGTON CENTRE |
11 Aug 2023 | £223,959 | £222,000 | 48 WELL BANK ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 31 Oct 2019. Using an estimated price of £214,422 means this house is valued at £2,257 per sq meter (£209 per sq foot).
The average size of a house on WELL BANK ROAD is 102 sq meters (1,105 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Other theft | Under investigation | On or near Raydale Avenue |