£167,365
This estimated value is based upon the latest sale price for the house of £165,000 on 10 Jun 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£165,000 | 10 Jun 2022 |
£125,000 | 30 Jan 2015 |
£139,000 | 29 Feb 2008 |
£132,000 | 10 Jun 2005 |
£41,250 | 18 Sep 2003 |
Semi-Detached |
Freehold |
Floor Area: 84 sq meters or 904 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 2022 the House Price Index for TYNE AND WEAR was 146.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.433%.Applying this 1.433% change to the original purchase price of £165,000 results in an estimated price of approximately £167,365.
10 Jun 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.5 | 148.6 | 1.433 % | £165,000 | £2,365 | £167,365 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -24.811 % | £-40,938 | £124,061 |
3 Month Average | -9.564 % | £-15,781 | £149,218 |
6 Month Average | 2.905 % | £4,792 | £169,792 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Sep 2023 | £45,583 | £45,000 | 9 WEST LEA |
24 Jul 2023 | £137,855 | £136,000 | 11 SWINDALE CLOSE |
19 Jul 2023 | £106,432 | £105,000 | 50 BLENCATHRA WAY |
30 Mar 2023 | £133,255 | £132,000 | 52 BLENCATHRA WAY |
10 Mar 2023 | £65,618 | £65,000 | 15 EAST LEA |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 24 Nov 2021. Using an estimated price of £167,365 means this house is valued at £1,992 per sq meter (£185 per sq foot).
The average size of a house on WAGTAIL CLOSE is 116 sq meters (1,251 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Wagtail Close |
Apr 2024 | Drugs | Under investigation | On or near West Lea |
Mar 2024 | Public order | Under investigation | On or near West Lea |
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Kirkstone Close |
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Kirkstone Close |