£213,163
This estimated value is based upon the latest sale price for the house of £197,500 on 22 Dec 2021. 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 | 22 Dec 2021 |
| £120,000 | 4 Aug 2003 |
| Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,177 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 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £197,500 results in an estimated price of approximately £213,163.
| 22 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £197,500 | £15,663 | £213,163 |
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 | 4.671 % | £9,224 | £206,724 |
| 3 Month Average | 29.614 % | £58,488 | £255,988 |
| 6 Month Average | 19.830 % | £39,163 | £236,663 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £254,830 | £247,000 | 9 RIDGEWAY |
| 25 Aug 2023 | £358,465 | £352,000 | 313 WINGROVE ROAD NORTH |
| 22 Aug 2023 | £286,269 | £281,106 | 5 WOODBURN AVENUE |
| 14 Apr 2023 | £366,862 | £360,000 | 314 WINGROVE ROAD NORTH |
| 8 Jul 2022 | £227,277 | £225,000 | 33 WOODBURN AVENUE |
This house has a floor area of 109 sq meters or 1,177 sq feet when measured on 13 Aug 2010. Using an estimated price of £213,163 means this house is valued at £1,948 per sq meter (£181 per sq foot).
The average size of a house on WOODBURN AVENUE is 136 sq meters (1,468 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodburn Avenue |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodburn Avenue |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Woodburn Avenue |
| May 2024 | Public order | Under investigation | On or near Woodburn Avenue |