£139,731
This estimated value is based upon the latest sale price for the house of £75,000 on 8 May 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 8 May 2009 |
| £32,000 | 9 Jun 2000 |
| £27,500 | 31 Oct 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 May 2009 the House Price Index for TYNE AND WEAR was 80.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 86.309%.Applying this 86.309% change to the original purchase price of £75,000 results in an estimated price of approximately £139,731.
| 8 May 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 149.7 | 86.309 % | £75,000 | £64,731 | £139,731 |
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 | 37.091 % | £27,818 | £102,818 |
| 3 Month Average | 41.279 % | £30,959 | £105,959 |
| 6 Month Average | 43.688 % | £32,766 | £107,766 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £164,167 | £160,000 | 57 WESTGARTH |
| 27 Oct 2023 | £163,718 | £160,000 | 170 WESTGARTH |
| 10 Oct 2023 | £142,230 | £139,000 | 206 WESTGARTH |
| 4 Aug 2023 | £106,929 | £105,000 | 167 WESTGARTH |
| 12 Apr 2023 | £81,525 | £80,000 | 107 WESTGARTH |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 9 Oct 2014. Using an estimated price of £139,732 means this house is valued at £1,888 per sq meter (£175 per sq foot).
The average size of a house on WESTGARTH is 81 sq meters (876 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Westgarth |
| Aug 2024 | Anti-social behaviour | On or near Westgarth | |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Westgarth |
| Aug 2024 | Anti-social behaviour | On or near Westgarth | |
| Aug 2024 | Anti-social behaviour | On or near Westgarth |