£372,690
This estimated value is based upon the latest sale price for the house of £249,950 on 24 Oct 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £249,950 | 24 Oct 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,019 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 2014 the House Price Index for TYNE AND WEAR was 99.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 49.106%.Applying this 49.106% change to the original purchase price of £249,950 results in an estimated price of approximately £372,690.
| 24 Oct 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.0 | 49.106 % | £249,950 | £122,740 | £372,690 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -18.203 % | £-45,498 | £204,451 |
| 3 Month Average | 4.860 % | £12,148 | £262,098 |
| 6 Month Average | 9.466 % | £23,659 | £273,609 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Oct 2022 | £331,325 | £336,250 | 9 WESTMORLAND GARDENS |
| 30 Aug 2022 | £173,826 | £175,000 | 6 CALLAURIE COURT |
| 27 May 2022 | £383,704 | £378,000 | 17 ALBERT DRIVE |
| 20 May 2022 | £249,712 | £246,000 | 50 COLERIDGE AVENUE |
| 18 May 2022 | £431,413 | £425,000 | 580 DURHAM ROAD |
This house has a floor area of 94 sq meters or 1,019 sq feet when measured on 21 Apr 2010. Using an estimated price of £372,691 means this house is valued at £3,933 per sq meter (£365 per sq foot).
The average size of a house on WESTMORLAND GARDENS is 123 sq meters (1,326 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near Westmorland Gardens |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Cross Keys Lane |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Durham Road |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Durham Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Durham Road |