£408,522
This estimated value is based upon the latest sale price for the house of £240,000 on 13 Jul 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£240,000 | 13 Jul 2012 |
£229,950 | 6 Jul 2007 |
£82,000 | 17 Aug 2001 |
Semi-Detached |
Freehold |
Floor Area: 158 sq meters or 1,700 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 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.218%.Applying this 70.218% change to the original purchase price of £240,000 results in an estimated price of approximately £408,522.
13 Jul 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.3 | 148.6 | 70.218 % | £240,000 | £168,522 | £408,522 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 28.905 % | £69,372 | £309,372 |
3 Month Average | 18.662 % | £44,788 | £284,788 |
6 Month Average | 19.365 % | £46,475 | £286,475 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £299,950 | £299,950 | 2 WOODVILLE CRESCENT |
25 Aug 2023 | £229,508 | £227,500 | 12 WOODVILLE CRESCENT |
20 Jul 2023 | £220,974 | £218,000 | 11 WESTFIELD GROVE |
11 Jul 2023 | £162,183 | £160,000 | 33 WOODVILLE CRESCENT |
22 Jul 2022 | £158,101 | £157,675 | 37 WESTFIELD GROVE |
This house has a floor area of 158 sq meters or 1,700 sq feet when measured on 16 Apr 2012. Using an estimated price of £408,523 means this house is valued at £2,585 per sq meter (£240 per sq foot).
The average size of a house on WESTFIELD GROVE is 111 sq meters (1,200 sq feet).
This house is the largest in the street with a floor area of 158 sq meters (1,700 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Westfield Grove |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Westfield Court |
Mar 2024 | Public order | Under investigation | On or near Beldene Drive |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Arncliffe Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Ingoldsby Court |