£132,964
This estimated value is based upon the latest sale price for the house of £115,000 on 11 Dec 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 11 Dec 2020 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 818 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 December 2020 the House Price Index for TYNE AND WEAR was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £115,000 results in an estimated price of approximately £132,964.
| 11 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £115,000 | £17,964 | £132,964 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | -32.238 % | £-37,073 | £77,926 |
| 3 Month Average | 4.038 % | £4,643 | £119,643 |
| 6 Month Average | 2.797 % | £3,216 | £118,216 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jun 2024 | £172,500 | £172,500 | 33 MAIN ROAD |
| 8 Dec 2023 | £214,078 | £207,500 | 3 WOODSIDE WAY |
| 27 Nov 2023 | £138,516 | £135,000 | RYDAL WOODSIDE LANE |
| 14 Apr 2023 | £285,337 | £280,000 | BEAUMONT HOUSE, 53 MAIN ROAD |
| 10 Feb 2023 | £211,412 | £210,000 | RESTU, 47 MAIN ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 16 Sep 2020. Using an estimated price of £132,964 means this house is valued at £1,749 per sq meter (£162 per sq foot).
The average size of a house on WOODSIDE WAY is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Woodside Way | |
| Jun 2024 | Anti-social behaviour | On or near Woodside Way | |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Grange Crescent |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Beechwood Avenue |
| Jul 2024 | Anti-social behaviour | On or near South Close |