£147,684
This estimated value is based upon the latest sale price for the house of £150,000 on 19 Aug 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £150,000 | 19 Aug 2022 |
| £95,000 | 26 Sep 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 August 2022 the House Price Index for TYNE AND WEAR was 149.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.544%.Applying this -1.544% change to the original purchase price of £150,000 results in an estimated price of approximately £147,684.
| 19 Aug 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 146.7 | -1.544 % | £150,000 | £-2,315 | £147,684 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -60.473 % | £-90,709 | £59,290 |
| 3 Month Average | -57.322 % | £-85,982 | £64,017 |
| 6 Month Average | -20.857 % | £-31,285 | £118,714 |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 19 Feb 2019.
The average size of a house on WELL BANK ROAD is 102 sq meters (1,105 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Well Bank Road |
| Mar 2024 | Anti-social behaviour | On or near Well Bank Road | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Well Bank Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Well Bank Road |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Well Bank Road |