£112,768
This estimated value is based upon the latest sale price for the house of £86,000 on 5 Dec 2016. 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 |
|---|---|
| £86,000 | 5 Dec 2016 |
| £100,000 | 30 Sep 2005 |
| £82,500 | 23 Dec 2004 |
| £59,000 | 29 Nov 2004 |
| £50,000 | 16 Aug 2004 |
| £30,000 | 30 Mar 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 December 2016 the House Price Index for TYNE AND WEAR was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £86,000 results in an estimated price of approximately £112,768.
| 5 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £86,000 | £26,768 | £112,768 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 5.041 % | £4,335 | £90,335 |
| 3 Month Average | -2.847 % | £-2,448 | £83,551 |
| 6 Month Average | 4.013 % | £3,451 | £89,451 |
| 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 |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 24 Jun 2016. Using an estimated price of £112,769 means this house is valued at £1,683 per sq meter (£156 per sq foot).
The average size of a house on TWO BALL LONNEN is 89 sq meters (958 sq feet).
| 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 |