£363,199
This estimated value is based upon the latest sale price for the house of £82,000 on 14 May 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £82,000 | 14 May 1999 |
| £80,000 | 19 Jun 1997 |
| £78,000 | 11 Oct 1996 |
| Detached |
| Freehold |
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 1999 the House Price Index for TYNE AND WEAR was 33.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 342.927%.Applying this 342.927% change to the original purchase price of £82,000 results in an estimated price of approximately £363,199.
| 14 May 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.5 | 148.6 | 342.927 % | £82,000 | £281,199 | £363,199 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 248.799 % | £204,015 | £286,015 |
| 3 Month Average | 285.690 % | £234,265 | £316,265 |
| 6 Month Average | 259.898 % | £213,116 | £295,116 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £610,339 | £605,000 | 5 WELL RIDGE PARK |
| 28 Jul 2023 | £598,049 | £590,000 | 11 WELL RIDGE PARK |
| 7 Jul 2023 | £584,365 | £576,500 | 23 GAINSBOROUGH CLOSE |
| 5 Jun 2023 | £663,031 | £655,000 | 13 HADDINGTON ROAD |
| 17 Feb 2023 | £399,731 | £400,000 | 26 WELL RIDGE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Well Ridge Park |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Well Ridge Park |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Well Ridge Park |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Huntly Road |
| Jan 2024 | Anti-social behaviour | On or near Beaconsfield Close |