£222,400
This estimated value is based upon the latest sale price for the house of £125,000 on 31 Mar 2006. 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 Wellfield Road
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| Price Paid | Date |
|---|---|
| £125,000 | 31 Mar 2006 |
| £56,500 | 19 Jan 2004 |
| £37,000 | 18 Oct 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 March 2006 the House Price Index for TYNE AND WEAR was 84.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 77.920%.Applying this 77.920% change to the original purchase price of £125,000 results in an estimated price of approximately £222,400.
| 31 Mar 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.1 | 149.7 | 77.920 % | £125,000 | £97,400 | £222,400 |
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 | 61.391 % | £76,738 | £201,738 |
| 3 Month Average | 67.273 % | £84,091 | £209,091 |
| 6 Month Average | 67.256 % | £84,070 | £209,070 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £162,497 | £160,000 | 81 ELLESMERE ROAD |
| 21 Dec 2023 | £79,957 | £77,500 | 28 ELLESMERE ROAD |
| 24 Mar 2023 | £66,104 | £65,000 | 82 HAMPSTEAD ROAD |
| 3 Feb 2023 | £53,356 | £53,000 | 36 ELLESMERE ROAD |
| 13 Sep 2022 | £114,923 | £115,000 | 34 HAMPSTEAD ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 6 Mar 2014. Using an estimated price of £222,400 means this house is valued at £3,530 per sq meter (£327 per sq foot).
The average size of a house on ELLESMERE ROAD is 73 sq meters (795 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Wellfield Road |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wellfield Road |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wellfield Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Wellfield Road |
| Jul 2024 | Anti-social behaviour | On or near Wellfield Road |