£402,645
This estimated value is based upon the latest sale price for the house of £123,000 on 30 Aug 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £123,000 | 30 Aug 2001 |
| £48,500 | 9 Jul 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 149 sq meters or 1,603 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 August 2001 the House Price Index for TYNE AND WEAR was 44.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 227.354%.Applying this 227.354% change to the original purchase price of £123,000 results in an estimated price of approximately £402,645.
| 30 Aug 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.8 | 146.7 | 227.354 % | £123,000 | £279,645 | £402,645 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 70.842 % | £87,135 | £210,135 |
| 3 Month Average | 110.187 % | £135,530 | £258,530 |
| 6 Month Average | 151.995 % | £186,953 | £309,953 |
This house has a floor area of 149 sq meters or 1,603 sq feet when measured on 23 Aug 2018.
The average size of a house on WOOD TERRACE is 123 sq meters (1,324 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Under investigation | On or near Wood Terrace |
| Dec 2023 | Anti-social behaviour | On or near Dene Terrace | |
| Dec 2023 | Anti-social behaviour | On or near Dene Terrace | |
| Dec 2023 | Anti-social behaviour | On or near Dene Terrace | |
| Dec 2023 | Anti-social behaviour | On or near Dene Terrace |