£189,493
This estimated value is based upon the latest sale price for the house of £170,000 on 12 Oct 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 |
|---|---|
| £170,000 | 12 Oct 2021 |
| Terraced |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £170,000 results in an estimated price of approximately £189,493.
| 12 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £170,000 | £19,493 | £189,493 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 80.520 % | £136,883 | £306,883 |
| 3 Month Average | 67.526 % | £114,793 | £284,793 |
| 6 Month Average | 45.964 % | £78,138 | £248,138 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £115,000 | £115,000 | 9 WINGROVE GARDENS |
| 23 Oct 2023 | £112,556 | £110,000 | 37 WINGROVE AVENUE |
| 23 Oct 2023 | £112,556 | £110,000 | 35 WINGROVE AVENUE |
| 20 May 2022 | £192,002 | £187,000 | 148 WINGROVE ROAD |
| 14 Apr 2022 | £337,162 | £325,000 | 105 WINGROVE ROAD |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 12 Apr 2016. Using an estimated price of £189,494 means this house is valued at £1,647 per sq meter (£153 per sq foot).
The average size of a house on WINGROVE ROAD is 167 sq meters (1,801 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wingrove Gardens |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wingrove Gardens |