£173,448
This estimated value is based upon the latest sale price for the house of £140,000 on 29 Jun 2018. 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 | 29 Jun 2018 |
| Semi-Detached |
| Leasehold |
| Floor Area: 62 sq meters or 667 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 June 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.892%.Applying this 23.892% change to the original purchase price of £140,000 results in an estimated price of approximately £173,448.
| 29 Jun 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.0 | 23.892 % | £140,000 | £33,448 | £173,448 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | -35.925 % | £-50,294 | £89,705 |
| 3 Month Average | 0.898 % | £1,257 | £141,257 |
| 6 Month Average | 18.297 % | £25,615 | £165,615 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £161,985 | £161,000 | 20 WEARMOUTH AVENUE |
| 11 Aug 2023 | £155,359 | £154,000 | 11 FORFAR STREET |
| 11 Apr 2023 | £226,685 | £225,000 | 106 NEWCASTLE ROAD |
| 3 Feb 2023 | £162,233 | £163,000 | 26 FORFAR STREET |
| 2 Sep 2022 | £177,788 | £179,950 | 129 NEWCASTLE ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 21 Jun 2018. Using an estimated price of £174,152 means this house is valued at £2,808 per sq meter (£260 per sq foot).
The average size of a house on WEARMOUTH AVENUE is 98 sq meters (1,060 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wearmouth Drive |
| Apr 2024 | Anti-social behaviour | On or near Wetherall Close | |
| Apr 2024 | Public order | Under investigation | On or near Newbridge Avenue |
| Mar 2024 | Anti-social behaviour | On or near Cromarty Street | |
| Mar 2024 | Anti-social behaviour | On or near Cromarty Street |