£93,293
This estimated value is based upon the latest sale price for the house of £72,500 on 26 May 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Westerhope Gardens
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| Price Paid | Date |
|---|---|
| £72,500 | 26 May 2017 |
| £99,950 | 8 Jun 2007 |
| £85,000 | 7 Jan 2005 |
| £31,450 | 27 Jul 2001 |
| 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 May 2017 the House Price Index for TYNE AND WEAR was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £72,500 results in an estimated price of approximately £93,293.
| 26 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £72,500 | £20,793 | £93,293 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 9.698 % | £7,031 | £79,531 |
| 3 Month Average | 14.371 % | £10,418 | £82,918 |
| 6 Month Average | 21.350 % | £15,479 | £87,979 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £78,880 | £77,500 | 242 OVINGTON GROVE |
| 2 Mar 2023 | £108,018 | £107,000 | 264 OVINGTON GROVE |
| 10 Feb 2023 | £88,940 | £89,000 | 14 BAVINGTON DRIVE |
| 16 Sep 2022 | £104,159 | £105,000 | 361 TWO BALL LONNEN |
| 12 Aug 2022 | £59,839 | £60,000 | 375 TWO BALL LONNEN |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Westerhope Gardens |
| Feb 2024 | Other theft | Under investigation | On or near Westerhope Gardens |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Westerhope Gardens |