£173,166
This estimated value is based upon the latest sale price for the house of £140,000 on 10 Aug 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 |
|---|---|
| £140,000 | 10 Aug 2018 |
| Flats/Maisonettes |
| Leasehold |
| 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 August 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £140,000 results in an estimated price of approximately £173,166.
| 10 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £140,000 | £33,166 | £173,166 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 32.209 % | £45,093 | £185,093 |
| 3 Month Average | 29.258 % | £40,961 | £180,961 |
| 6 Month Average | 32.073 % | £44,902 | £184,902 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £221,783 | £218,500 | 33 WARKWORTH AVENUE |
| 8 Sep 2023 | £256,277 | £253,000 | 42 WARKWORTH AVENUE |
| 20 Jun 2023 | £258,127 | £255,000 | 4 WARKWORTH AVENUE |
| 13 Jun 2023 | £300,642 | £297,000 | 12 WARKWORTH AVENUE |
| 7 Jun 2023 | £364,414 | £360,000 | 21 WARKWORTH AVENUE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 8 Feb 2018. Using an estimated price of £173,167 means this house is valued at £2,886 per sq meter (£268 per sq foot).
The average size of a house on VILLAGE COURT is 56 sq meters (611 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Park View |
| Mar 2024 | Vehicle crime | Awaiting court outcome | On or near Park View |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Park View |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Park View |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Park View |