£173,404
This estimated value is based upon the latest sale price for the house of £138,000 on 29 May 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £138,000 | 29 May 2018 |
| £120,000 | 5 Jan 2007 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 964 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 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £138,000 results in an estimated price of approximately £173,404.
| 29 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £138,000 | £35,404 | £173,404 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 45.700 % | £63,065 | £201,065 |
| 3 Month Average | 40.238 % | £55,528 | £193,528 |
| 6 Month Average | 42.805 % | £59,070 | £197,070 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2024 | £98,000 | £98,000 | 109 HORSLEY VALE |
| 21 Jun 2024 | £165,000 | £165,000 | 119 MARSDEN ROAD |
| 28 Mar 2024 | £189,918 | £187,000 | 48 HORSLEY VALE |
| 14 Dec 2023 | £100,591 | £97,500 | 208 HIGHFIELD ROAD |
| 8 Dec 2023 | £201,182 | £195,000 | 60 HORSLEY VALE |
This house has a floor area of 89 sq meters or 964 sq feet when measured on 20 Oct 2008. Using an estimated price of £173,404 means this house is valued at £1,935 per sq meter (£179 per sq foot).
The average size of a house on WESTHOPE ROAD is 92 sq meters (993 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cheviot Road |
| Oct 2024 | Drugs | Under investigation | On or near Cheviot Road |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Cheviot Road |
| Oct 2024 | Public order | Under investigation | On or near St Cuthbert'S Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near St Cuthbert'S Avenue |