£546,790
This estimated value is based upon the latest sale price for the house of £445,000 on 31 Jan 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £445,000 | 31 Jan 2020 |
| £445,000 | 31 Jan 2020 |
| £450,000 | 1 Dec 2006 |
| £210,000 | 9 Aug 2002 |
| £180,000 | 23 Oct 1998 |
| Detached |
| Freehold |
| Floor Area: 156 sq meters or 1,684 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 January 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £445,000 results in an estimated price of approximately £546,790.
| 31 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £445,000 | £101,790 | £546,790 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 14.854 % | £66,100 | £511,100 |
| 3 Month Average | -1.229 % | £-5,467 | £439,532 |
| 6 Month Average | 3.417 % | £15,206 | £460,206 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2023 | £35,594 | £35,000 | 14 SHERRINGHAM HOUSE STATION ROAD |
| 22 Feb 2023 | £122,820 | £122,000 | 262 HORSLEY ROAD |
| 7 Nov 2022 | £1,324 | £1,330 | 311 HORSLEY ROAD |
| 2 Sep 2022 | £229,846 | £230,000 | 32 CAPESTHORNE ROAD |
| 19 Aug 2022 | £185,869 | £185,000 | 15 CAPESTHORNE ROAD |
This house has a floor area of 156 sq meters or 1,684 sq feet when measured on 7 Jul 2011. Using an estimated price of £546,791 means this house is valued at £3,494 per sq meter (£324 per sq foot).
The average size of a house on THE WILLOWS is 138 sq meters (1,486 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Willows |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near The Willows |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near The Willows |
| May 2024 | Anti-social behaviour | On or near The Willows | |
| May 2024 | Violence and sexual offences | Under investigation | On or near The Willows |