£120,781
This estimated value is based upon the latest sale price for the house of £70,500 on 8 Apr 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,500 | 8 Apr 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 806 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 April 2011 the House Price Index for TYNE AND WEAR was 86.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.321%.Applying this 71.321% change to the original purchase price of £70,500 results in an estimated price of approximately £120,781.
| 8 Apr 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.7 | 148.6 | 71.321 % | £70,500 | £50,281 | £120,781 |
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 | 8.306 % | £5,855 | £76,355 |
| 3 Month Average | 10.149 % | £7,155 | £77,655 |
| 6 Month Average | 21.115 % | £14,885 | £85,385 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £116,489 | £115,000 | 8 DUDDON PLACE |
| 15 Feb 2023 | £82,944 | £83,000 | 19 BLACKLOCK CLOSE |
| 2 Feb 2023 | £168,387 | £168,500 | 12 BOWNESS PLACE |
| 17 Jun 2022 | £111,577 | £110,000 | 17 PENRITH GARDENS |
| 25 Feb 2022 | £178,278 | £170,000 | 1 TORVER PLACE |
This house has a floor area of 74 sq meters or 806 sq feet when measured on 9 Feb 2011. Using an estimated price of £120,781 means this house is valued at £1,612 per sq meter (£149 per sq foot).
The average size of a house on WYTHBURN PLACE is 95 sq meters (1,027 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Wythburn Place |
| Dec 2023 | Shoplifting | Under investigation | On or near Wythburn Place |