£788,091
This estimated value is based upon the latest sale price for the house of £499,950 on 26 Jul 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£499,950 | 26 Jul 2007 |
£335,000 | 27 Jun 2003 |
£187,000 | 19 Jan 2000 |
Detached |
Freehold |
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 2007 the House Price Index for TYNE AND WEAR was 94.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.634%.Applying this 57.634% change to the original purchase price of £499,950 results in an estimated price of approximately £788,091.
26 Jul 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.3 | 148.6 | 57.634 % | £499,950 | £288,141 | £788,091 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 52.035 % | £260,147 | £760,097 |
3 Month Average | 20.357 % | £101,774 | £601,724 |
6 Month Average | 20.368 % | £101,832 | £601,782 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Aug 2023 | £610,339 | £605,000 | 5 WELL RIDGE PARK |
28 Jul 2023 | £598,049 | £590,000 | 11 WELL RIDGE PARK |
7 Jul 2023 | £584,365 | £576,500 | 23 GAINSBOROUGH CLOSE |
18 Apr 2023 | £457,931 | £453,000 | 6 CASETON CLOSE |
17 Feb 2023 | £399,731 | £400,000 | 26 WELL RIDGE CLOSE |
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Well Ridge Park |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Well Ridge Park |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Well Ridge Park |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Westgate Close |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Huntly Road |