£195,073
This estimated value is based upon the latest sale price for the house of £157,000 on 5 Jul 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £157,000 | 5 Jul 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £157,000 results in an estimated price of approximately £195,073.
| 5 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £157,000 | £38,073 | £195,073 |
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 | 27.326 % | £42,901 | £199,901 |
| 3 Month Average | 18.601 % | £29,202 | £186,202 |
| 6 Month Average | 24.655 % | £38,708 | £195,708 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £198,027 | £193,000 | 16 WESTGARTH |
| 27 Oct 2023 | £163,718 | £160,000 | 170 WESTGARTH |
| 10 Oct 2023 | £142,230 | £139,000 | 206 WESTGARTH |
| 29 Sep 2023 | £178,945 | £175,000 | 102 WESTGARTH |
| 4 Aug 2023 | £106,929 | £105,000 | 167 WESTGARTH |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 14 Sep 2018. Using an estimated price of £195,073 means this house is valued at £2,322 per sq meter (£215 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 | 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 |