£563,804
This estimated value is based upon the latest sale price for the house of £149,000 on 20 Apr 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £149,000 | 20 Apr 2000 |
| Detached |
| Freehold |
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 April 2000 the House Price Index for TYNE AND WEAR was 39.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 278.392%.Applying this 278.392% change to the original purchase price of £149,000 results in an estimated price of approximately £563,804.
| 20 Apr 2000 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.1 | 148.0 | 278.392 % | £149,000 | £414,804 | £563,804 |
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 | 258.878 % | £385,728 | £534,728 |
| 3 Month Average | 269.406 % | £401,415 | £550,415 |
| 6 Month Average | 233.456 % | £347,849 | £496,849 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £608,702 | £605,000 | 5 WELL RIDGE PARK |
| 28 Jul 2023 | £595,634 | £590,000 | 11 WELL RIDGE PARK |
| 7 Jul 2023 | £582,005 | £576,500 | 23 GAINSBOROUGH CLOSE |
| 5 Jun 2023 | £660,354 | £655,000 | 13 HADDINGTON ROAD |
| 25 Aug 2022 | £759,866 | £765,000 | 10 WELL RIDGE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Huntly Road |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Well Ridge Park |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Well Ridge Park |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Well Ridge Park |
| Jan 2024 | Anti-social behaviour | On or near Beaconsfield Close |