£169,898
This estimated value is based upon the latest sale price for the house of £138,000 on 24 May 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£138,000 | 24 May 2019 |
£145,000 | 27 Jan 2006 |
£121,000 | 25 Jun 2004 |
£79,450 | 29 Apr 2001 |
Terraced |
Freehold |
Floor Area: 70 sq meters or 753 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 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.115%.Applying this 23.115% change to the original purchase price of £138,000 results in an estimated price of approximately £169,898.
24 May 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 148.0 | 23.115 % | £138,000 | £31,898 | £169,898 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 32.594 % | £44,980 | £182,980 |
3 Month Average | -11.516 % | £-15,891 | £122,108 |
6 Month Average | 0.970 % | £1,338 | £139,338 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £152,893 | £150,000 | 54 WEARHEAD DRIVE |
8 Dec 2023 | £157,989 | £155,000 | 66 WEARHEAD DRIVE |
16 Jun 2023 | £118,965 | £118,000 | 42 WEARHEAD DRIVE |
14 Oct 2022 | £113,316 | £115,000 | 47 WEARHEAD DRIVE |
1 Jul 2022 | £85,385 | £85,500 | 29 WEARHEAD DRIVE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 11 Mar 2019. Using an estimated price of £169,898 means this house is valued at £2,427 per sq meter (£225 per sq foot).
The average size of a house on WEARHEAD DRIVE is 67 sq meters (726 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Wearhead Drive | |
Feb 2024 | Anti-social behaviour | On or near Wearhead Drive | |
Feb 2024 | Anti-social behaviour | On or near Wearhead Drive | |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Cedric Crescent |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Cedric Crescent |