£261,223
This estimated value is based upon the latest sale price for the house of £147,000 on 17 Feb 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £147,000 | 17 Feb 2006 |
| £99,500 | 17 Apr 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 February 2006 the House Price Index for TYNE AND WEAR was 83.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 77.703%.Applying this 77.703% change to the original purchase price of £147,000 results in an estimated price of approximately £261,223.
| 17 Feb 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.6 | 148.6 | 77.703 % | £147,000 | £114,223 | £261,223 |
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 | 19.484 % | £28,641 | £175,641 |
| 3 Month Average | 17.881 % | £26,284 | £173,284 |
| 6 Month Average | 34.433 % | £50,616 | £197,616 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £162,404 | £160,000 | 57 WESTGARTH |
| 1 Nov 2023 | £195,900 | £193,000 | 16 WESTGARTH |
| 29 Sep 2023 | £177,267 | £175,000 | 102 WESTGARTH |
| 15 Sep 2023 | £232,979 | £230,000 | 74 WESTGARTH |
| 26 Jun 2023 | £187,268 | £185,000 | 6 BEDEBURN ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 28 Feb 2020. Using an estimated price of £261,223 means this house is valued at £3,109 per sq meter (£288 per sq foot).
The average size of a house on WESTGARTH is 81 sq meters (876 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Westgarth |
| Jan 2024 | Anti-social behaviour | On or near St Marks Court | |
| Jan 2024 | Anti-social behaviour | On or near St Marks Court | |
| Jan 2024 | Anti-social behaviour | On or near St Marks Court | |
| Dec 2023 | Vehicle crime | Awaiting court outcome | On or near St Marks Court |