£74,021
This estimated value is based upon the latest sale price for the house of £60,500 on 25 Feb 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Wellfield Road
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| Price Paid | Date |
|---|---|
| £60,500 | 25 Feb 2020 |
| £58,000 | 31 May 2006 |
| £36,000 | 19 Jul 2004 |
| £34,000 | 24 Feb 2004 |
| £14,000 | 23 Jun 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 699 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 February 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £60,500 results in an estimated price of approximately £74,021.
| 25 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £60,500 | £13,521 | £74,021 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | -12.433 % | £-7,521 | £52,978 |
| 3 Month Average | 21.453 % | £12,979 | £73,479 |
| 6 Month Average | 14.627 % | £8,849 | £69,349 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £78,880 | £77,500 | 28 ELLESMERE ROAD |
| 24 Nov 2023 | £41,616 | £41,000 | 6 HAMPSTEAD ROAD |
| 3 Feb 2023 | £52,964 | £53,000 | 36 ELLESMERE ROAD |
| 21 Dec 2021 | £53,569 | £50,000 | 100 ELLESMERE ROAD |
| 21 Dec 2021 | £53,569 | £50,000 | 98 ELLESMERE ROAD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 24 Jan 2020. Using an estimated price of £74,021 means this house is valued at £1,138 per sq meter (£105 per sq foot).
The average size of a house on FARNDALE ROAD is 81 sq meters (878 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Wellfield Road |
| Mar 2024 | Anti-social behaviour | On or near Wellfield Road | |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Wellfield Road |
| Jan 2024 | Anti-social behaviour | On or near Wellfield Road | |
| Jan 2024 | Anti-social behaviour | On or near Wellfield Road |