£226,060
This estimated value is based upon the latest sale price for the house of £77,000 on 24 May 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£77,000 | 24 May 2002 |
£58,995 | 17 Apr 1998 |
Semi-Detached |
Freehold |
Floor Area: 72 sq meters or 775 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 May 2002 the House Price Index for TYNE AND WEAR was 51.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 193.585%.Applying this 193.585% change to the original purchase price of £77,000 results in an estimated price of approximately £226,060.
24 May 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
51.0 | 149.7 | 193.585 % | £77,000 | £149,060 | £226,060 |
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 | -59.742 % | £-46,001 | £30,998 |
3 Month Average | 37.351 % | £28,760 | £105,760 |
6 Month Average | 56.416 % | £43,440 | £120,440 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £186,740 | £182,000 | 5 WHERNSIDE CLOSE |
10 Nov 2023 | £148,777 | £145,000 | 18 INGLEBOROUGH CLOSE |
30 Aug 2023 | £220,986 | £217,000 | 7 WHERNSIDE CLOSE |
16 Jun 2023 | £214,294 | £210,000 | 22 WHERNSIDE CLOSE |
24 Feb 2023 | £151,009 | £150,000 | 26 WHERNSIDE CLOSE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 22 Oct 2019. Using an estimated price of £226,060 means this house is valued at £3,139 per sq meter (£291 per sq foot).
The average size of a house on WHERNSIDE CLOSE is 81 sq meters (879 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Dairnbrook | |
May 2024 | Anti-social behaviour | On or near Penyghent Way | |
May 2024 | Anti-social behaviour | On or near Penyghent Way | |
May 2024 | Anti-social behaviour | On or near Penyghent Way | |
Jun 2024 | Other crime | Investigation complete; no suspect identified | On or near Waldridge Close |