£479,549
This estimated value is based upon the latest sale price for the house of £361,000 on 1 Sep 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £361,000 | 1 Sep 2016 |
| £360,000 | 12 Feb 2007 |
| £136,000 | 20 Jul 1998 |
| Detached |
| Freehold |
| Floor Area: 133 sq meters or 1,431 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 2016 the House Price Index for TYNE AND WEAR was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £361,000 results in an estimated price of approximately £479,549.
| 1 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £361,000 | £118,549 | £479,549 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 34.995 % | £126,333 | £487,333 |
| 3 Month Average | 31.628 % | £114,177 | £475,177 |
| 6 Month Average | 20.879 % | £75,374 | £436,374 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £489,083 | £482,500 | 15 MELBURY |
| 21 Apr 2023 | £348,755 | £345,000 | 2 ASHBURY |
| 18 Apr 2023 | £457,931 | £453,000 | 6 CASETON CLOSE |
| 17 Feb 2023 | £399,731 | £400,000 | 26 WELL RIDGE CLOSE |
| 15 Nov 2022 | £414,973 | £420,000 | 43 WELL RIDGE CLOSE |
This house has a floor area of 133 sq meters or 1,431 sq feet when measured on 27 Jan 2015. Using an estimated price of £479,549 means this house is valued at £3,605 per sq meter (£334 per sq foot).
There is one other house on the street which we know the size of, this is 7 CASETON CLOSE it is 192.8
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Well Ridge Park |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Well Ridge Park |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Well Ridge Park |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near The Ridings |
| Mar 2024 | Anti-social behaviour | On or near Newsteads Close |