£304,512
This estimated value is based upon the latest sale price for the house of £210,000 on 24 Jul 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £210,000 | 24 Jul 2015 |
| Detached |
| Freehold |
| Floor Area: 162 sq meters or 1,743 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 July 2015 the House Price Index for TYNE AND WEAR was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £210,000 results in an estimated price of approximately £304,512.
| 24 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 149.7 | 45.006 % | £210,000 | £94,512 | £304,512 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 34.470 % | £72,386 | £282,386 |
| 3 Month Average | 26.827 % | £56,337 | £266,337 |
| 6 Month Average | 22.182 % | £46,581 | £256,581 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £164,167 | £160,000 | 57 WESTGARTH |
| 27 Oct 2023 | £163,718 | £160,000 | 170 WESTGARTH |
| 10 Oct 2023 | £142,230 | £139,000 | 206 WESTGARTH |
| 29 Sep 2023 | £178,945 | £175,000 | 102 WESTGARTH |
| 15 Sep 2023 | £235,184 | £230,000 | 74 WESTGARTH |
This house has a floor area of 162 sq meters or 1,743 sq feet when measured on 20 Apr 2015. Using an estimated price of £304,513 means this house is valued at £1,879 per sq meter (£174 per sq foot).
The average size of a house on WESTGARTH is 81 sq meters (876 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Westgarth |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Westgarth |
| Jul 2024 | Anti-social behaviour | On or near Priory Way | |
| Apr 2024 | Anti-social behaviour | On or near Priory Way | |
| Apr 2024 | Anti-social behaviour | On or near Priory Way |