£227,313
This estimated value is based upon the latest sale price for the house of £231,000 on 16 Nov 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Priory Way
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| Price Paid | Date |
|---|---|
| £231,000 | 16 Nov 2022 |
| £129,950 | 1 Jul 2011 |
| £135,000 | 18 Jul 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 57 sq meters or 619 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 November 2022 the House Price Index for TYNE AND WEAR was 150.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -1.596%.Applying this -1.596% change to the original purchase price of £231,000 results in an estimated price of approximately £227,313.
| 16 Nov 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 148.0 | -1.596 % | £231,000 | £-3,686 | £227,313 |
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 | -54.645 % | £-126,230 | £104,769 |
| 3 Month Average | -25.372 % | £-58,609 | £172,390 |
| 6 Month Average | -8.314 % | £-19,204 | £211,795 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £81,543 | £80,000 | 62 BEDEBURN ROAD |
| 1 Nov 2023 | £195,510 | £193,000 | 16 WESTGARTH |
| 4 Aug 2023 | £105,642 | £105,000 | 167 WESTGARTH |
| 26 Jun 2023 | £186,512 | £185,000 | 6 BEDEBURN ROAD |
| 24 Feb 2023 | £164,223 | £165,000 | 34 WESTGARTH |
This house has a floor area of 57 sq meters or 619 sq feet when measured on 28 Aug 2009. Using an estimated price of £227,314 means this house is valued at £3,947 per sq meter (£366 per sq foot).
The average size of a house on PRIORY WAY is 82 sq meters (884 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Priory Way | |
| Mar 2024 | Anti-social behaviour | On or near Priory Way | |
| Mar 2024 | Anti-social behaviour | On or near Priory Way | |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Priory Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near West Thorp |