£192,756
This estimated value is based upon the latest sale price for the house of £158,000 on 12 Jun 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£158,000 | 12 Jun 2020 |
£154,950 | 30 Jun 2016 |
Terraced |
Leasehold |
Floor Area: 81 sq meters or 871 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 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £158,000 results in an estimated price of approximately £192,756.
12 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.7 | 149.7 | 21.998 % | £158,000 | £34,756 | £192,756 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 74.787 % | £118,162 | £276,162 |
3 Month Average | 35.634 % | £56,301 | £214,301 |
6 Month Average | 11.106 % | £17,548 | £175,548 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £247,609 | £240,000 | 81 WHEATFIELD ROAD |
21 Aug 2023 | £168,031 | £165,000 | 92 WHEATFIELD ROAD |
23 Feb 2023 | £266,782 | £265,000 | 115 WHEATFIELD ROAD |
31 Jan 2023 | £210,563 | £210,000 | 116 WHEATFIELD ROAD |
14 Jul 2022 | £186,872 | £185,000 | 63 WHEATFIELD ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 29 Mar 2016. Using an estimated price of £192,757 means this house is valued at £2,379 per sq meter (£221 per sq foot).
The average size of a house on WHEATFIELD ROAD is 89 sq meters (968 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wheatfield Road |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wheatfield Road |
Jul 2024 | Public order | Under investigation | On or near Beaumont Terrace |
Jul 2024 | Anti-social behaviour | On or near Beaumont Terrace | |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Beaumont Terrace |