£418,045
This estimated value is based upon the latest sale price for the house of £420,000 on 15 Nov 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £420,000 | 15 Nov 2022 |
| £310,000 | 8 Dec 2010 |
| £245,000 | 11 Aug 2006 |
| £82,000 | 26 Jul 1996 |
| Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,181 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 November 2022 the House Price Index for TYNE AND WEAR was 150.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.465%.Applying this -0.465% change to the original purchase price of £420,000 results in an estimated price of approximately £418,045.
| 15 Nov 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 149.7 | -0.465 % | £420,000 | £-1,954 | £418,045 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 11.516 % | £48,368 | £468,368 |
| 3 Month Average | -10.336 % | £-43,410 | £376,589 |
| 6 Month Average | 2.638 % | £11,079 | £431,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £474,117 | £470,000 | 12 HERTFORD CLOSE |
| 16 Apr 2024 | £544,730 | £540,000 | 17 WELL RIDGE PARK |
| 31 Aug 2023 | £616,112 | £605,000 | 5 WELL RIDGE PARK |
| 18 Apr 2023 | £461,634 | £453,000 | 6 CASETON CLOSE |
| 17 Feb 2023 | £402,690 | £400,000 | 26 WELL RIDGE CLOSE |
This house has a floor area of 109 sq meters or 1,181 sq feet when measured on 5 Aug 2010. Using an estimated price of £418,045 means this house is valued at £3,810 per sq meter (£353 per sq foot).
The average size of a house on WELL RIDGE CLOSE is 175 sq meters (1,892 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Dovecote Close | |
| Sep 2024 | Anti-social behaviour | On or near Dovecote Close | |
| Sep 2024 | Vehicle crime | Awaiting court outcome | On or near Westgate Close |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Westgate Close |
| Oct 2024 | Anti-social behaviour | On or near Ashbury |