£150,731
This estimated value is based upon the latest sale price for the house of £95,000 on 1 Jun 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 1 Jun 2007 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 June 2007 the House Price Index for TYNE AND WEAR was 93.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.665%.Applying this 58.665% change to the original purchase price of £95,000 results in an estimated price of approximately £150,731.
| 1 Jun 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 148.6 | 58.665 % | £95,000 | £55,731 | £150,731 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | -20.935 % | £-19,887 | £75,112 |
| 3 Month Average | 15.608 % | £14,827 | £109,827 |
| 6 Month Average | 17.424 % | £16,552 | £111,552 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £50,890 | £50,000 | 48 BEWICKE ROAD |
| 30 Jun 2023 | £136,655 | £135,000 | 64 ARMSTRONG ROAD |
| 28 Apr 2023 | £8,087 | £8,000 | 122B BEWICKE ROAD |
| 14 Apr 2023 | £63,686 | £63,000 | 31 BYRON AVENUE |
| 31 Mar 2023 | £98,427 | £97,500 | 4 SMEATON COURT |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 29 Apr 2014. Using an estimated price of £150,731 means this house is valued at £2,283 per sq meter (£212 per sq foot).
The average size of a house on BEWICKE ROAD is 73 sq meters (792 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Bewicke Road |
| Feb 2024 | Other crime | Under investigation | On or near Station Road |
| Jan 2024 | Anti-social behaviour | On or near Station Road | |
| Jan 2024 | Anti-social behaviour | On or near Station Road | |
| Jan 2024 | Anti-social behaviour | On or near Station Road |