£194,335
This estimated value is based upon the latest sale price for the house of £35,000 on 10 Jul 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £35,000 | 10 Jul 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 81 sq meters or 880 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 July 1996 the House Price Index for TYNE AND WEAR was 26.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 455.244%.Applying this 455.244% change to the original purchase price of £35,000 results in an estimated price of approximately £194,335.
| 10 Jul 1996 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.7 | 148.0 | 455.244 % | £35,000 | £159,335 | £194,335 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 760.106 % | £266,037 | £301,037 |
| 3 Month Average | 332.017 % | £116,206 | £151,206 |
| 6 Month Average | 378.668 % | £132,533 | £167,533 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £173,278 | £170,000 | FLAT 2 180 WESTGATE ROAD |
| 17 Mar 2023 | £160,870 | £160,000 | APARTMENT 21 PRINTWORKS RUTHERFORD STREET |
| 1 Feb 2023 | £114,210 | £114,750 | APARTMENT 4 PRINTWORKS RUTHERFORD STREET |
| 20 Sep 2022 | £362,590 | £367,000 | FRANCIS HOUSE, 202 WESTGATE ROAD |
| 18 May 2022 | £164,444 | £162,000 | APARTMENT 18 PRINTWORKS RUTHERFORD STREET |
This house has a floor area of 81 sq meters or 880 sq feet when measured on 21 Jun 2010. Using an estimated price of £194,335 means this house is valued at £2,375 per sq meter (£220 per sq foot).
The average size of a house on WESTGATE ROAD is 93 sq meters (1,006 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Cross Villa Place No 1 | |
| Apr 2024 | Anti-social behaviour | On or near Cross Villa Place No 1 | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cross Villa Place No 1 |
| Mar 2024 | Public order | Under investigation | On or near Cross Villa Place No 1 |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cross Villa Place No 1 |