£717,693
This estimated value is based upon the latest sale price for the house of £709,000 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 |
|---|---|
| £709,000 | 30 Jun 2023 |
| £483,000 | 9 Oct 2019 |
| £525,000 | 9 Jul 2018 |
| £470,000 | 27 Jun 2007 |
| £140,000 | 27 Nov 1998 |
| £125,000 | 9 Apr 1998 |
| Detached |
| Freehold |
| Floor Area: 179 sq meters or 1,926 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 £709,000 results in an estimated price of approximately £717,693.
| 30 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.6 | 1.226 % | £709,000 | £8,693 | £717,693 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 14.271 % | £101,183 | £810,183 |
| 3 Month Average | 6.297 % | £44,645 | £753,645 |
| 6 Month Average | -6.093 % | £-43,202 | £665,797 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £400,389 | £395,000 | 39 GORSEDENE ROAD |
| 7 Jul 2023 | £263,547 | £260,000 | 23 BRIERDENE ROAD |
| 30 Jun 2023 | £717,693 | £709,000 | 2 WESTLEY AVENUE |
| 17 Feb 2023 | £399,731 | £400,000 | 31 WESTLEY AVENUE |
| 17 Aug 2022 | £448,792 | £450,000 | 42 GORSEDENE ROAD |
This house has a floor area of 179 sq meters or 1,926 sq feet when measured on 5 Feb 2018. Using an estimated price of £717,693 means this house is valued at £4,009 per sq meter (£372 per sq foot).
The average size of a house on WESTLEY AVENUE is 122 sq meters (1,316 sq feet).
This house is the largest in the street with a floor area of 179 sq meters (1,926 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Craneswater Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Westley Close |