£215,903
This estimated value is based upon the latest sale price for the house of £211,000 on 16 Oct 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £211,000 | 16 Oct 2023 |
| £189,950 | 9 Dec 2020 |
| £177,500 | 17 Nov 2017 |
| £128,750 | 21 Sep 2007 |
| £124,950 | 24 Nov 2006 |
| £85,500 | 4 Apr 2003 |
| £41,000 | 10 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 October 2023 the House Price Index for TYNE AND WEAR was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £211,000 results in an estimated price of approximately £215,903.
| 16 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £211,000 | £4,903 | £215,903 |
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 | 1.348 % | £2,843 | £213,843 |
| 3 Month Average | 2.006 % | £4,233 | £215,233 |
| 6 Month Average | 4.162 % | £8,782 | £219,782 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Oct 2023 | £215,904 | £211,000 | 4 ALUMWELL ROAD |
| 25 Aug 2023 | £286,161 | £281,000 | 8 ONSLOW GARDENS |
| 3 Feb 2023 | £328,192 | £326,000 | 1 ONSLOW GARDENS |
| 6 Jan 2023 | £270,723 | £270,000 | 10 ONSLOW GARDENS |
| 14 Dec 2021 | £306,523 | £284,000 | 5 WESTMORLAND GARDENS |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 22 Mar 2017. Using an estimated price of £215,904 means this house is valued at £2,768 per sq meter (£257 per sq foot).
There is one other house on the street which we know the size of, this is 2 ALUMWELL ROAD it is 52.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Westmorland Gardens |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Westmorland Gardens |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Studley Gardens |
| Jul 2024 | Anti-social behaviour | On or near Belle Vue Bank | |
| Jul 2024 | Anti-social behaviour | On or near Belle Vue Bank |