£153,712
This estimated value is based upon the latest sale price for the house of £123,500 on 27 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £123,500 | 27 Jun 2019 |
| £92,000 | 5 Apr 2013 |
| £49,500 | 27 Sep 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 June 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £123,500 results in an estimated price of approximately £153,712.
| 27 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.463 % | £123,500 | £30,212 | £153,712 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 66.523 % | £82,156 | £205,656 |
| 3 Month Average | -7.036 % | £-8,689 | £114,810 |
| 6 Month Average | -5.758 % | £-7,110 | £116,389 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £165,765 | £162,000 | 19 DAHLIA WAY |
| 16 Jun 2023 | £137,761 | £135,000 | 3 TEES ROAD |
| 20 Feb 2023 | £166,110 | £165,000 | 47 MOUNTBATTEN AVENUE |
| 24 Oct 2022 | £119,601 | £120,000 | 21 CHERRY TREE WALK |
| 7 Jul 2022 | £191,923 | £190,000 | 58 MOUNTBATTEN AVENUE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 25 Nov 2016. Using an estimated price of £153,712 means this house is valued at £1,727 per sq meter (£160 per sq foot).
The average size of a house on WEAR ROAD is 128 sq meters (1,383 sq feet).
This house is the largest in the street with a floor area of 89 sq meters (957 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Wear Road |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Wear Road |
| May 2024 | Anti-social behaviour | On or near Wear Road | |
| May 2024 | Anti-social behaviour | On or near Wear Road | |
| May 2024 | Anti-social behaviour | On or near Wear Road |