£158,926
This estimated value is based upon the latest sale price for the house of £160,000 on 26 Aug 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 |
|---|---|
| £160,000 | 26 Aug 2022 |
| £125,000 | 8 Jul 2016 |
| £125,000 | 6 Jun 2014 |
| £97,500 | 7 Jun 2012 |
| £45,000 | 8 Feb 1999 |
| Terraced |
| Freehold |
| Floor Area: 56 sq meters or 602 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 August 2022 the House Price Index for TYNE AND WEAR was 149.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.671%.Applying this -0.671% change to the original purchase price of £160,000 results in an estimated price of approximately £158,926.
| 26 Aug 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.0 | -0.671 % | £160,000 | £-1,073 | £158,926 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -32.588 % | £-52,141 | £107,858 |
| 3 Month Average | 3.700 % | £5,920 | £165,920 |
| 6 Month Average | -2.401 % | £-3,841 | £156,158 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Feb 2023 | £64,694 | £65,000 | 14 THE FELLS SALKELD ROAD |
| 17 Feb 2023 | £34,835 | £35,000 | 6 THE FELLS SALKELD ROAD |
| 2 Feb 2023 | £149,393 | £150,100 | 28 KELLS LANE |
| 31 Jan 2023 | £100,121 | £101,000 | 9 FLORENCE AVENUE |
| 26 Aug 2022 | £158,926 | £160,000 | 3 VILLA VIEW |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 26 Apr 2012. Using an estimated price of £158,926 means this house is valued at £2,837 per sq meter (£263 per sq foot).
The average size of a house on VILLA VIEW is 86 sq meters (926 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Florence Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Kellfield Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Hillside Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Hillside Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hillside Place |