£148,499
This estimated value is based upon the latest sale price for the house of £88,500 on 12 Jun 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,500 | 12 Jun 2013 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 June 2013 the House Price Index for TYNE AND WEAR was 89.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 67.796%.Applying this 67.796% change to the original purchase price of £88,500 results in an estimated price of approximately £148,499.
| 12 Jun 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.2 | 149.7 | 67.796 % | £88,500 | £59,999 | £148,499 |
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 | 55.790 % | £49,374 | £137,874 |
| 3 Month Average | 45.909 % | £40,629 | £129,129 |
| 6 Month Average | 37.690 % | £33,355 | £121,855 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2024 | £215,000 | £215,000 | 10 MARGARET GROVE |
| 17 Apr 2024 | £144,757 | £143,500 | 2 FENWICK AVENUE |
| 28 Mar 2024 | £126,950 | £125,000 | 95 NEWCASTLE ROAD |
| 22 Jun 2023 | £162,252 | £159,000 | 8 HYPERION AVENUE |
| 31 Jan 2023 | £902,411 | £900,000 | 136 WENLOCK ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 1 Mar 2013. Using an estimated price of £148,500 means this house is valued at £2,121 per sq meter (£197 per sq foot).
The average size of a house on WENLOCK ROAD is 89 sq meters (965 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Hyperion Avenue | |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hyperion Avenue |
| Aug 2024 | Anti-social behaviour | On or near Hyperion Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Hyperion Avenue | |
| Aug 2024 | Public order | On or near Simonside (Metro Station) |