£541,196
This estimated value is based upon the latest sale price for the house of £104,000 on 7 May 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £104,000 | 7 May 1997 |
| 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 May 1997 the House Price Index for TYNE AND WEAR was 28.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 420.381%.Applying this 420.381% change to the original purchase price of £104,000 results in an estimated price of approximately £541,196.
| 7 May 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.8 | 149.7 | 420.381 % | £104,000 | £437,196 | £541,196 |
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 | 363.020 % | £377,541 | £481,541 |
| 3 Month Average | 360.656 % | £375,082 | £479,082 |
| 6 Month Average | 341.287 % | £354,938 | £458,938 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Apr 2024 | £544,730 | £540,000 | 17 WELL RIDGE PARK |
| 31 Aug 2023 | £616,112 | £605,000 | 5 WELL RIDGE PARK |
| 5 Jun 2023 | £668,395 | £655,000 | 13 HADDINGTON ROAD |
| 17 Feb 2023 | £402,690 | £400,000 | 26 WELL RIDGE CLOSE |
| 15 Nov 2022 | £418,045 | £420,000 | 43 WELL RIDGE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Huntly Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Hillsden Road |
| Jul 2024 | Public order | Awaiting court outcome | On or near Hillsden Road |
| Sep 2024 | Anti-social behaviour | On or near Dovecote Close | |
| Sep 2024 | Anti-social behaviour | On or near Dovecote Close |