£759,164
This estimated value is based upon the latest sale price for the house of £610,000 on 29 Mar 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £610,000 | 29 Mar 2019 |
| Detached |
| Freehold |
| Floor Area: 178 sq meters or 1,915 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 March 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.453%.Applying this 24.453% change to the original purchase price of £610,000 results in an estimated price of approximately £759,164.
| 29 Mar 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.453 % | £610,000 | £149,164 | £759,164 |
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 | 75.467 % | £460,346 | £1,070,346 |
| 3 Month Average | 63.769 % | £388,989 | £998,989 |
| 6 Month Average | 40.687 % | £248,189 | £858,189 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Apr 2024 | £544,730 | £540,000 | 17 WELL RIDGE PARK |
| 31 Aug 2023 | £616,112 | £605,000 | 5 WELL RIDGE PARK |
| 18 Apr 2023 | £461,634 | £453,000 | 6 CASETON CLOSE |
| 17 Feb 2023 | £402,690 | £400,000 | 26 WELL RIDGE CLOSE |
| 15 Nov 2022 | £418,045 | £420,000 | 43 WELL RIDGE CLOSE |
This house has a floor area of 178 sq meters or 1,915 sq feet when measured on 15 Feb 2019. Using an estimated price of £759,165 means this house is valued at £4,264 per sq meter (£396 per sq foot).
The average size of a house on WELL RIDGE CLOSE is 175 sq meters (1,892 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Dovecote Close | |
| Sep 2024 | Anti-social behaviour | On or near Dovecote Close | |
| Sep 2024 | Vehicle crime | Awaiting court outcome | On or near Westgate Close |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Westgate Close |
| Oct 2024 | Anti-social behaviour | On or near Ashbury |