£179,643
This estimated value is based upon the latest sale price for the house of £137,000 on 8 Dec 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £137,000 | 8 Dec 2016 |
| £134,000 | 15 Jun 2007 |
| £59,950 | 17 Nov 2000 |
| £47,000 | 31 Jul 1998 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 December 2016 the House Price Index for TYNE AND WEAR was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £137,000 results in an estimated price of approximately £179,643.
| 8 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £137,000 | £42,643 | £179,643 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 1.449 % | £1,984 | £138,984 |
| 3 Month Average | 9.476 % | £12,982 | £149,982 |
| 6 Month Average | 19.555 % | £26,790 | £163,790 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £129,010 | £127,100 | 45 ROBSON STREET |
| 17 Mar 2023 | £114,075 | £113,000 | 37 ROBSON STREET |
| 11 Jan 2023 | £149,297 | £150,000 | 5A DEAN STREET |
| 12 Aug 2022 | £324,252 | £325,125 | 177 KELLS LANE |
| 11 May 2022 | £43,316 | £42,500 | 2 WESLEY STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 24 Sep 2021. Using an estimated price of £179,644 means this house is valued at £2,851 per sq meter (£264 per sq foot).
The average size of a house on WESLEY STREET is 75 sq meters (814 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Under investigation | On or near Wesley Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lowrey'S Lane |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lowrey'S Lane |