£120,534
This estimated value is based upon the latest sale price for the house of £122,000 on 15 Sep 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £122,000 | 15 Sep 2022 |
| £103,995 | 29 Mar 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 September 2022 the House Price Index for TYNE AND WEAR was 149.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -1.202%.Applying this -1.202% change to the original purchase price of £122,000 results in an estimated price of approximately £120,534.
| 15 Sep 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 148.0 | -1.202 % | £122,000 | £-1,465 | £120,534 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | -41.135 % | £-50,184 | £71,815 |
| 3 Month Average | -7.034 % | £-8,581 | £113,418 |
| 6 Month Average | 0.847 % | £1,033 | £123,033 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £181,614 | £181,000 | 39 WALWICK FELL |
| 23 Nov 2023 | £143,847 | £142,000 | 281 ARMSTRONG ROAD |
| 10 Nov 2023 | £192,471 | £190,000 | 33 WALWICK FELL |
| 18 Jul 2023 | £225,130 | £223,000 | 57 CHESTER PIKE |
| 14 Nov 2022 | £200,548 | £203,800 | 72 FEATHERWOOD AVENUE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 26 Feb 2018. Using an estimated price of £120,534 means this house is valued at £1,697 per sq meter (£157 per sq foot).
The average size of a house on ARMSTRONG ROAD is 94 sq meters (1,015 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Under investigation | On or near Stoneyhurst Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wayside |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wayside |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wayside |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Wayside |