£205,261
This estimated value is based upon the latest sale price for the house of £165,000 on 21 Sep 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 |
|---|---|
| £165,000 | 21 Sep 2018 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2018 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £165,000 results in an estimated price of approximately £205,261.
| 21 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.401 % | £165,000 | £40,261 | £205,261 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | -29.262 % | £-48,281 | £116,718 |
| 3 Month Average | 40.929 % | £67,533 | £232,533 |
| 6 Month Average | 50.244 % | £82,902 | £247,902 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 May 2024 | £875,000 | £875,000 | 16 BEAUMONT DRIVE |
| 4 Mar 2024 | £314,837 | £310,000 | 10 RODNEY WAY |
| 19 Dec 2023 | £224,911 | £218,000 | 35 ASHTON WAY |
| 5 Dec 2023 | £737,667 | £715,000 | 4 COLSTON WAY |
| 2 Oct 2023 | £409,296 | £400,000 | 33 WOODBURN SQUARE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 27 Jul 2017. Using an estimated price of £205,261 means this house is valued at £2,359 per sq meter (£219 per sq foot).
The average size of a house on ASHTON WAY is 115 sq meters (1,245 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Ashton Way | |
| Jul 2024 | Anti-social behaviour | On or near Ashton Way | |
| Jul 2024 | Anti-social behaviour | On or near Ashton Way | |
| Jul 2024 | Anti-social behaviour | On or near Ashton Way | |
| Oct 2024 | Anti-social behaviour | On or near Freeman Way |