£176,560
This estimated value is based upon the latest sale price for the house of £152,500 on 2 Jul 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £152,500 | 2 Jul 2021 |
| Terraced |
| Freehold |
| 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 July 2021 the House Price Index for TYNE AND WEAR was 129.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.777%.Applying this 15.777% change to the original purchase price of £152,500 results in an estimated price of approximately £176,560.
| 2 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 149.7 | 15.777 % | £152,500 | £24,060 | £176,560 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | -11.097 % | £-16,923 | £135,576 |
| 3 Month Average | -9.177 % | £-13,994 | £138,505 |
| 6 Month Average | -8.006 % | £-12,209 | £140,290 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 May 2024 | £145,000 | £145,000 | 5 DAVID TERRACE |
| 15 Dec 2023 | £129,994 | £126,000 | 9 EMMA VIEW |
| 20 Oct 2023 | £158,602 | £155,000 | 9 WESTFIELD AVENUE |
| 8 Sep 2023 | £184,057 | £180,000 | 27 WESTFIELD CRESCENT |
| 14 Aug 2023 | £178,214 | £175,000 | 2 WESTFIELD AVENUE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 16 Mar 2020. Using an estimated price of £176,560 means this house is valued at £2,179 per sq meter (£202 per sq foot).
The average size of a house on WESTFIELD AVENUE is 96 sq meters (1,037 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Under investigation | On or near Westfield Avenue |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Westfield Crescent |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Westfield Crescent |
| Jul 2024 | Other theft | Under investigation | On or near Greenside Road |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Greenside Road |