£550,799
This estimated value is based upon the latest sale price for the house of £147,000 on 14 Jul 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £147,000 | 14 Jul 2000 |
| £55,000 | 14 Jul 1995 |
| Terraced |
| Freehold |
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 July 2000 the House Price Index for TYNE AND WEAR was 40.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 274.694%.Applying this 274.694% change to the original purchase price of £147,000 results in an estimated price of approximately £550,799.
| 14 Jul 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.0 | 149.7 | 274.694 % | £147,000 | £403,799 | £550,799 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 126.123 % | £185,400 | £332,400 |
| 3 Month Average | 136.040 % | £199,978 | £346,978 |
| 6 Month Average | 156.851 % | £230,571 | £377,571 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £121,872 | £120,000 | 43 WESLEY STREET |
| 29 Nov 2023 | £130,410 | £127,100 | 45 ROBSON STREET |
| 9 Oct 2023 | £114,603 | £112,000 | 31 WESLEY STREET |
| 17 Mar 2023 | £114,919 | £113,000 | 37 ROBSON STREET |
| 12 Aug 2022 | £326,652 | £325,125 | 177 KELLS LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Wesley Street |
| Jun 2024 | Anti-social behaviour | On or near Wesley Street | |
| Jun 2024 | Anti-social behaviour | On or near Wesley Street | |
| May 2024 | Other crime | Under investigation | On or near Wesley Street |
| Apr 2024 | Other crime | Under investigation | On or near Wesley Street |