£155,473
This estimated value is based upon the latest sale price for the house of £118,000 on 25 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £118,000 | 25 Nov 2016 |
| £130,000 | 18 Jun 2014 |
| £54,000 | 14 Dec 2001 |
| £39,950 | 28 Jun 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 November 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £118,000 results in an estimated price of approximately £155,473.
| 25 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £118,000 | £37,473 | £155,473 |
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 | 23.553 % | £27,792 | £145,792 |
| 3 Month Average | 30.584 % | £36,089 | £154,089 |
| 6 Month Average | 40.377 % | £47,645 | £165,645 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £151,943 | £150,000 | 2 PRINCE CONSORT WAY |
| 30 Jun 2023 | £144,247 | £142,500 | 8 HENDON CLOSE |
| 17 Apr 2023 | £242,612 | £240,000 | 3 ATKINSON GARDENS |
| 10 Jun 2022 | £234,311 | £231,000 | 24 ROBERT WESTALL WAY |
| 22 Nov 2021 | £264,971 | £245,000 | 23 ROBERT WESTALL WAY |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 21 Feb 2014. Using an estimated price of £155,474 means this house is valued at £2,591 per sq meter (£240 per sq foot).
The average size of a house on ROBERT WESTALL WAY is 92 sq meters (991 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Kingdom Place |
| Apr 2024 | Other theft | Under investigation | On or near Watch House Close |
| Mar 2024 | Anti-social behaviour | On or near Prince Consort Way | |
| Mar 2024 | Anti-social behaviour | On or near Prince Consort Way | |
| Mar 2024 | Anti-social behaviour | On or near Prince Consort Way |