£396,992
This estimated value is based upon the latest sale price for the house of £270,000 on 8 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £270,000 | 8 May 2015 |
| Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,259 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 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £270,000 results in an estimated price of approximately £396,992.
| 8 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £270,000 | £126,992 | £396,992 |
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 | 52.167 % | £140,849 | £410,849 |
| 3 Month Average | 37.431 % | £101,063 | £371,063 |
| 6 Month Average | 33.426 % | £90,249 | £360,249 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £474,117 | £470,000 | 12 HERTFORD CLOSE |
| 21 Apr 2023 | £351,576 | £345,000 | 2 ASHBURY |
| 18 Apr 2023 | £461,634 | £453,000 | 6 CASETON CLOSE |
| 17 Feb 2023 | £402,690 | £400,000 | 26 WELL RIDGE CLOSE |
| 15 Nov 2022 | £418,045 | £420,000 | 43 WELL RIDGE CLOSE |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 30 Jul 2014. Using an estimated price of £396,993 means this house is valued at £3,393 per sq meter (£315 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 |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Ashbury | |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ashbury |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Ashbury |
| Sep 2024 | Anti-social behaviour | On or near Dovecote Close | |
| Sep 2024 | Anti-social behaviour | On or near Dovecote Close |