£4,618
This estimated value is based upon the latest sale price for the house of £3,750 on 2 Apr 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 |
---|---|
£3,750 | 2 Apr 2019 |
£199,950 | 25 Nov 2016 |
Freehold |
Floor Area: 90 sq meters or 968 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 April 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.169%.Applying this 23.169% change to the original purchase price of £3,750 results in an estimated price of approximately £4,618.
2 Apr 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 148.0 | 23.169 % | £3,750 | £868 | £4,618 |
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 | -40.087 % | £-1,503 | £2,246 |
3 Month Average | 1.201 % | £45 | £3,795 |
6 Month Average | 23.339 % | £875 | £4,625 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £244,628 | £240,000 | 81 WHEATFIELD ROAD |
21 Aug 2023 | £166,010 | £165,000 | 92 WHEATFIELD ROAD |
23 Feb 2023 | £263,753 | £265,000 | 115 WHEATFIELD ROAD |
31 Jan 2023 | £208,171 | £210,000 | 116 WHEATFIELD ROAD |
14 Jul 2022 | £184,750 | £185,000 | 63 WHEATFIELD ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 27 Jun 2016. Using an estimated price of £4,619 means this house is valued at £51 per sq meter (£4 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 | Under investigation | On or near Wheatfield Road |
Apr 2024 | Vehicle crime | Under investigation | On or near Wheatfield Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Wheatfield Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Beaumont Terrace |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Beaumont Terrace |