£857,923
This estimated value is based upon the latest sale price for the house of £140,000 on 19 Jun 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£140,000 | 19 Jun 2024 |
Semi-Detached |
Freehold |
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 2024 the House Price Index for TYNE AND WEAR was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £140,000 results in an estimated price of approximately £857,923.
19 Jun 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
24.4 | 149.7 | 512.803 % | £140,000 | £717,923 | £857,923 |
The Postcode Pricing Model uses changes in average sales price within the SR6 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 | -29.480 % | £-41,271 | £98,728 |
3 Month Average | 4.125 % | £5,775 | £145,775 |
6 Month Average | 1.910 % | £2,673 | £142,673 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Jun 2024 | £140,000 | £140,000 | 29 WELLANDS LANE |
15 Mar 2024 | £151,325 | £149,000 | 78 WELLANDS LANE |
24 Nov 2023 | £194,949 | £190,000 | 116 WELLANDS LANE |
14 Sep 2023 | £146,223 | £143,000 | 38 PARRY DRIVE |
14 Aug 2023 | £175,159 | £172,000 | 7 WELLANDS COURT |
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Public order | Under investigation | On or near Wellands Court |
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Wellands Close |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Parry Drive |
Jul 2024 | Anti-social behaviour | On or near Farrow Drive | |
Jun 2024 | Anti-social behaviour | On or near Farrow Drive |