£225,939
This estimated value is based upon the latest sale price for the house of £138,000 on 6 Sep 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £138,000 | 6 Sep 2013 |
| £51,000 | 6 Dec 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 918 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 September 2013 the House Price Index for TYNE AND WEAR was 90.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 63.724%.Applying this 63.724% change to the original purchase price of £138,000 results in an estimated price of approximately £225,939.
| 6 Sep 2013 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 148.0 | 63.724 % | £138,000 | £87,939 | £225,939 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -31.145 % | £-42,980 | £95,019 |
| 3 Month Average | 4.205 % | £5,802 | £143,802 |
| 6 Month Average | 25.708 % | £35,476 | £173,476 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £162,081 | £160,000 | 57 WESTGARTH |
| 4 Aug 2023 | £105,642 | £105,000 | 167 WESTGARTH |
| 12 Apr 2023 | £80,599 | £80,000 | 107 WESTGARTH |
| 24 Feb 2023 | £164,223 | £165,000 | 34 WESTGARTH |
| 24 Feb 2023 | £213,988 | £215,000 | 48 WESTGARTH |
This house has a floor area of 85 sq meters or 918 sq feet when measured on 12 Jul 2011. Using an estimated price of £225,940 means this house is valued at £2,648 per sq meter (£246 per sq foot).
The average size of a house on WESTGARTH is 81 sq meters (876 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Westgarth |
| Apr 2024 | Anti-social behaviour | On or near Priory Way | |
| Mar 2024 | Anti-social behaviour | On or near Priory Way | |
| Mar 2024 | Anti-social behaviour | On or near Priory Way | |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Priory Way |