£113,636
This estimated value is based upon the latest sale price for the house of £95,000 on 4 Sep 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 4 Sep 2020 |
| Semi-Detached |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 2020 the House Price Index for TYNE AND WEAR was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £95,000 results in an estimated price of approximately £113,636.
| 4 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £95,000 | £18,636 | £113,636 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 34.164 % | £32,455 | £127,455 |
| 3 Month Average | 6.961 % | £6,613 | £101,613 |
| 6 Month Average | 15.417 % | £14,646 | £109,646 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jun 2024 | £165,000 | £165,000 | 119 MARSDEN ROAD |
| 2 May 2024 | £150,000 | £150,000 | 55 HORSLEY VALE |
| 28 Mar 2024 | £189,918 | £187,000 | 48 HORSLEY VALE |
| 8 Dec 2023 | £201,182 | £195,000 | 60 HORSLEY VALE |
| 22 Sep 2023 | £199,396 | £195,000 | 42 WESTHOPE ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 10 Feb 2020. Using an estimated price of £113,636 means this house is valued at £1,893 per sq meter (£175 per sq foot).
The average size of a house on WESTHOPE CLOSE is 78 sq meters (847 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (645 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Wells Grove | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Wells Grove |
| Sep 2024 | Anti-social behaviour | On or near Wells Grove | |
| Sep 2024 | Anti-social behaviour | On or near Wells Grove | |
| Sep 2024 | Anti-social behaviour | On or near Wells Grove |