£548,416
This estimated value is based upon the latest sale price for the house of £420,000 on 30 Mar 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £420,000 | 30 Mar 2017 |
| Terraced |
| Freehold |
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 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £420,000 results in an estimated price of approximately £548,416.
| 30 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 149.7 | 30.575 % | £420,000 | £128,416 | £548,416 |
The Postcode Pricing Model uses changes in average sales price within the NE41 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 | -12.910 % | £-54,220 | £365,779 |
| 3 Month Average | 12.745 % | £53,528 | £473,528 |
| 6 Month Average | 109.167 % | £458,499 | £878,499 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £1,117,164 | £1,100,000 | WYLAM WOOD HOUSE WYLAM WOOD ROAD |
| 28 Nov 2023 | £305,248 | £297,500 | 35 CASTLE HILL HOUSE |
| 27 Apr 2023 | £270,051 | £265,000 | 11 WYLAM GRANGE STATION ROAD |
| 17 Mar 2023 | £920,370 | £905,000 | SHADINGFIELD ELM BANK ROAD |
| 3 Feb 2023 | £483,228 | £480,000 | WEST COTTAGE BRADLEY HALL FARM |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Investigation complete; no suspect identified | On or near Crawcrook Lane |
| Oct 2024 | Anti-social behaviour | On or near Crawcrook Lane | |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Crawcrook Lane |
| Oct 2024 | Anti-social behaviour | On or near Kyo Bog Lane |