£261,834
This estimated value is based upon the latest sale price for the house of £197,500 on 27 May 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £197,500 | 27 May 2016 |
| £145,000 | 22 May 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 May 2016 the House Price Index for TYNE AND WEAR was 110.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 32.574%.Applying this 32.574% change to the original purchase price of £197,500 results in an estimated price of approximately £261,834.
| 27 May 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 146.7 | 32.574 % | £197,500 | £64,334 | £261,834 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 19.135 % | £37,791 | £235,291 |
| 3 Month Average | 27.327 % | £53,971 | £251,471 |
| 6 Month Average | 24.373 % | £48,135 | £245,635 |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 23 Oct 2014.
The average size of a house on WESTERN WAY is 100 sq meters (1,077 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Grange Crescent |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grange Crescent |
| Jan 2024 | Vehicle crime | Awaiting court outcome | On or near Grange View |
| Mar 2024 | Anti-social behaviour | On or near Woodside Way | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Woodside Way |