£175,946
This estimated value is based upon the latest sale price for the house of £54,950 on 26 Oct 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £54,950 | 26 Oct 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 October 2001 the House Price Index for TYNE AND WEAR was 45.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 220.194%.Applying this 220.194% change to the original purchase price of £54,950 results in an estimated price of approximately £175,946.
| 26 Oct 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 146.7 | 220.194 % | £54,950 | £120,996 | £175,946 |
The Postcode Pricing Model uses changes in average sales price within the SR6 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 | 150.889 % | £82,913 | £137,863 |
| 3 Month Average | 124.012 % | £68,144 | £123,094 |
| 6 Month Average | 155.994 % | £85,718 | £140,668 |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 8 Apr 2015.
The average size of a house on WELLANDS LANE is 84 sq meters (911 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Farrow Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lizard Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lizard Lane |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lizard Lane |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Wellands Drive |