£629,543
This estimated value is based upon the latest sale price for the house of £550,000 on 14 Jul 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £550,000 | 14 Jul 2021 |
| £420,000 | 23 Dec 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 326 sq meters or 3,509 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 July 2021 the House Price Index for TYNE AND WEAR was 129.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.462%.Applying this 14.462% change to the original purchase price of £550,000 results in an estimated price of approximately £629,543.
| 14 Jul 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.0 | 14.462 % | £550,000 | £79,543 | £629,543 |
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 | 82.585 % | £454,216 | £1,004,216 |
| 3 Month Average | 10.876 % | £59,818 | £609,818 |
| 6 Month Average | 8.153 % | £44,843 | £594,843 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £547,023 | £540,000 | 142 MOORSIDE NORTH |
| 25 Aug 2023 | £354,154 | £352,000 | 313 WINGROVE ROAD NORTH |
| 22 Aug 2023 | £282,826 | £281,106 | 5 WOODBURN AVENUE |
| 21 Jul 2023 | £454,297 | £450,000 | 280 WINGROVE ROAD NORTH |
| 14 Jul 2023 | £307,913 | £305,000 | 318 WINGROVE ROAD NORTH |
This house has a floor area of 326 sq meters or 3,509 sq feet when measured on 23 Dec 2013. Using an estimated price of £629,544 means this house is valued at £1,931 per sq meter (£179 per sq foot).
The average size of a house on WINGROVE ROAD NORTH is 168 sq meters (1,808 sq feet).
This house is the largest in the street with a floor area of 326 sq meters (3,509 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wingrove Road North |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodburn Avenue |
| Feb 2024 | Anti-social behaviour | On or near Woodburn Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Woodburn Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Woodburn Avenue |