£125,332
This estimated value is based upon the latest sale price for the house of £90,000 on 6 Nov 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 |
|---|---|
| £90,000 | 6 Nov 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 2015 the House Price Index for TYNE AND WEAR was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £90,000 results in an estimated price of approximately £125,332.
| 6 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £90,000 | £35,332 | £125,332 |
The Postcode Pricing Model uses changes in average sales price within the SR6 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 | 16.957 % | £15,261 | £105,261 |
| 3 Month Average | 11.087 % | £9,978 | £99,978 |
| 6 Month Average | 20.028 % | £18,025 | £108,025 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £192,855 | £190,000 | 116 WELLANDS LANE |
| 15 Sep 2023 | £157,007 | £155,000 | 21 FARROW DRIVE |
| 1 Jun 2023 | £207,514 | £205,000 | 22 WELLANDS COURT |
| 17 Feb 2023 | £123,667 | £123,750 | 10 WELLANDS COURT |
| 19 Jan 2023 | £201,053 | £202,000 | 16 FARROW DRIVE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 17 Jul 2014. Using an estimated price of £125,333 means this house is valued at £1,566 per sq meter (£145 per sq foot).
The average size of a house on WELLANDS LANE is 84 sq meters (911 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Wellands Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Farrow Drive |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Fieldside |