£275,693
This estimated value is based upon the latest sale price for the house of £220,000 on 15 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£220,000 | 15 Jun 2018 |
£210,000 | 22 Sep 2014 |
£67,000 | 20 Nov 1997 |
Terraced |
Freehold |
Floor Area: 99 sq meters or 1,065 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 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £220,000 results in an estimated price of approximately £275,693.
15 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.5 | 149.7 | 25.315 % | £220,000 | £55,693 | £275,693 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -46.535 % | £-102,376 | £117,623 |
3 Month Average | 11.338 % | £24,943 | £244,943 |
6 Month Average | 22.557 % | £49,625 | £269,625 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Apr 2024 | £262,278 | £260,000 | 73 MALVERN ROAD |
30 Jun 2023 | £331,646 | £325,000 | 1 WESTBURY ROAD |
12 Apr 2023 | £392,338 | £385,000 | 21 WENLOCK DRIVE |
27 Jan 2023 | £310,831 | £310,000 | 35 CLEEHILL DRIVE |
31 May 2022 | £379,897 | £370,000 | 28 WENLOCK DRIVE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 1 Jul 2014. Using an estimated price of £275,693 means this house is valued at £2,784 per sq meter (£258 per sq foot).
The average size of a house on WESTBURY ROAD is 148 sq meters (1,599 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Public order | Under investigation | On or near Westbury Road |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Overton Road |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Overton Road |
Jun 2024 | Anti-social behaviour | On or near Heybrook Avenue | |
Jun 2024 | Anti-social behaviour | On or near Heybrook Avenue |