£198,993
This estimated value is based upon the latest sale price for the house of £197,000 on 29 Jul 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Colwell Place
More crime details
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| Price Paid | Date |
|---|---|
| £197,000 | 29 Jul 2022 |
| £155,000 | 6 Sep 2006 |
| £64,950 | 20 Apr 2000 |
| Terraced |
| 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 July 2022 the House Price Index for TYNE AND WEAR was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £197,000 results in an estimated price of approximately £198,993.
| 29 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 149.7 | 1.012 % | £197,000 | £1,993 | £198,993 |
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 | 9.569 % | £18,851 | £215,851 |
| 3 Month Average | 2.092 % | £4,121 | £201,121 |
| 6 Month Average | -5.326 % | £-10,493 | £186,506 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Mar 2024 | £182,809 | £180,000 | 25 BRUCE GARDENS |
| 23 Oct 2023 | £175,997 | £172,000 | 460 WEST ROAD |
| 6 Apr 2023 | £517,173 | £507,500 | FREEMAN HOUSE, 410 - 420 WEST ROAD |
| 7 Mar 2023 | £142,378 | £140,000 | 456 WEST ROAD |
| 22 Aug 2022 | £175,822 | £175,000 | 51 BENWELL HILL ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Awaiting court outcome | On or near Colwell Place |
| May 2024 | Vehicle crime | Under investigation | On or near Colwell Place |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Colwell Place |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Colwell Place |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near West Road |