£78,028
This estimated value is based upon the latest sale price for the house of £55,000 on 17 Sep 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 17 Sep 2015 |
| £41,750 | 10 Oct 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 573 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 2015 the House Price Index for TYNE AND WEAR was 104.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 41.871%.Applying this 41.871% change to the original purchase price of £55,000 results in an estimated price of approximately £78,028.
| 17 Sep 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.7 | 148.6 | 41.871 % | £55,000 | £23,028 | £78,028 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 156.880 % | £86,284 | £141,284 |
| 3 Month Average | 31.603 % | £17,381 | £72,381 |
| 6 Month Average | 27.473 % | £15,109 | £70,109 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £120,000 | £120,000 | 17 WESTERN AVENUE |
| 1 Mar 2024 | £68,000 | £68,000 | 13 OAKWOOD COURT WESTERN DRIVE |
| 23 Jun 2023 | £161,962 | £160,000 | 15 KELDANE GARDENS |
| 30 Mar 2023 | £151,427 | £150,000 | 6 WESTERN DRIVE |
| 31 May 2022 | £173,265 | £170,000 | 5 AUDEN GROVE |
This house has a floor area of 53 sq meters or 573 sq feet when measured on 1 Oct 2011. Using an estimated price of £78,029 means this house is valued at £1,464 per sq meter (£136 per sq foot).
The average size of a house on WESTGATE ROAD is 93 sq meters (1,006 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Keldane Gardens |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Keldane Gardens |
| Mar 2024 | Anti-social behaviour | On or near Auden Grove | |
| Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Auden Grove |
| Jan 2024 | Anti-social behaviour | On or near Auden Grove |