£351,386
This estimated value is based upon the latest sale price for the house of £190,000 on 28 May 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£190,000 | 28 May 2009 |
Detached |
Freehold |
Floor Area: 89 sq meters or 960 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 May 2009 the House Price Index for TYNE AND WEAR was 80.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.940%.Applying this 84.940% change to the original purchase price of £190,000 results in an estimated price of approximately £351,386.
28 May 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
80.4 | 148.6 | 84.940 % | £190,000 | £161,386 | £351,386 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | -25.156 % | £-47,796 | £142,203 |
3 Month Average | 14.910 % | £28,328 | £218,328 |
6 Month Average | 38.458 % | £73,069 | £263,069 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £407,123 | £400,000 | THE TOWER |
5 Sep 2023 | £136,748 | £135,000 | 101 THE PADDOCK |
18 Aug 2023 | £353,089 | £350,000 | 5 GREEN LANE |
6 May 2022 | £183,406 | £179,950 | 22 THE PADDOCK |
18 Feb 2022 | £125,843 | £120,000 | 13 THE PADDOCK |
This house has a floor area of 89 sq meters or 960 sq feet when measured on 3 Dec 2008. Using an estimated price of £351,386 means this house is valued at £3,939 per sq meter (£365 per sq foot).
The average size of a house on WEST FARM COURT is 164 sq meters (1,771 sq feet).
This house is the smallest in the street with a floor area of 89 sq meters (960 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Green Lane | |
Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Green Lane |
Jan 2024 | Anti-social behaviour | On or near Green Lane | |
Jan 2024 | Anti-social behaviour | On or near Green Lane | |
Jan 2024 | Anti-social behaviour | On or near Green Lane |