£322,943
This estimated value is based upon the latest sale price for the house of £110,000 on 3 May 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,000 | 3 May 2002 |
| Terraced |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 May 2002 the House Price Index for TYNE AND WEAR was 51.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 193.585%.Applying this 193.585% change to the original purchase price of £110,000 results in an estimated price of approximately £322,943.
| 3 May 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 149.7 | 193.585 % | £110,000 | £212,943 | £322,943 |
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 | 258.751 % | £284,626 | £394,626 |
| 3 Month Average | 271.781 % | £298,958 | £408,958 |
| 6 Month Average | 262.504 % | £288,754 | £398,754 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 May 2024 | £96,000 | £96,000 | FLAT 3 184 WESTGATE ROAD |
| 1 Dec 2023 | £175,389 | £170,000 | FLAT 2 180 WESTGATE ROAD |
| 12 Oct 2023 | £177,196 | £173,172 | 12 SUMMERHILL GROVE |
| 22 Sep 2023 | £736,230 | £720,000 | 2 GREENFIELD PLACE |
| 13 Jun 2023 | £280,624 | £275,000 | 2 SUMMERHILL GROVE |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 28 Sep 2018. Using an estimated price of £322,943 means this house is valued at £3,329 per sq meter (£309 per sq foot).
The average size of a house on WESTGATE ROAD is 93 sq meters (1,006 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cross Villa Place No 3 |
| Jun 2024 | Public order | Under investigation | On or near Cross Villa Place No 3 |
| Apr 2024 | Robbery | Investigation complete; no suspect identified | On or near Cross Villa Place No 3 |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cross Villa Place No 2 |
| Jul 2024 | Drugs | Under investigation | On or near Cross Villa Place No 2 |