£497,248
This estimated value is based upon the latest sale price for the house of £402,500 on 4 Oct 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £402,500 | 4 Oct 2019 |
| £108,000 | 7 Mar 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 147 sq meters or 1,582 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 October 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £402,500 results in an estimated price of approximately £497,248.
| 4 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £402,500 | £94,748 | £497,248 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | -43.778 % | £-176,208 | £226,291 |
| 3 Month Average | 26.588 % | £107,014 | £509,514 |
| 6 Month Average | 24.528 % | £98,726 | £501,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £156,819 | £152,000 | 6 GORSEDENE AVENUE |
| 11 Dec 2023 | £270,306 | £262,000 | 22 GERRARD ROAD |
| 17 Nov 2023 | £328,334 | £320,000 | 16 GERRARD ROAD |
| 15 Sep 2023 | £368,115 | £360,000 | 35 GERRARD ROAD |
| 3 Mar 2023 | £289,840 | £285,000 | 64 GERRARD ROAD |
This house has a floor area of 147 sq meters or 1,582 sq feet when measured on 13 May 2019. Using an estimated price of £497,249 means this house is valued at £3,382 per sq meter (£314 per sq foot).
The average size of a house on WESTLEY CLOSE is 166 sq meters (1,789 sq feet).
This house is the largest in the street with a floor area of 147 sq meters (1,582 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Westley Close |
| Jun 2024 | Anti-social behaviour | On or near Craneswater Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Craneswater Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Craneswater Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Craneswater Avenue |