£190,665
This estimated value is based upon the latest sale price for the house of £117,500 on 31 Jul 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near West Mount
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| Price Paid | Date |
|---|---|
| £117,500 | 31 Jul 2008 |
| £130,000 | 6 Jun 2008 |
| £85,000 | 27 Nov 2003 |
| £49,950 | 10 Nov 2000 |
| £39,950 | 27 Mar 1997 |
| £37,000 | 10 Feb 1995 |
| Terraced |
| Leasehold |
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 2008 the House Price Index for TYNE AND WEAR was 90.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 62.268%.Applying this 62.268% change to the original purchase price of £117,500 results in an estimated price of approximately £190,665.
| 31 Jul 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 146.7 | 62.268 % | £117,500 | £73,165 | £190,665 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | -1.955 % | £-2,296 | £115,203 |
| 3 Month Average | 17.162 % | £20,165 | £137,665 |
| 6 Month Average | 23.510 % | £27,623 | £145,123 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Awaiting court outcome | On or near West Mount |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near West Bailey |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near West Wynd |
| Jan 2024 | Burglary | Awaiting court outcome | On or near West Wynd |
| Jan 2024 | Burglary | Awaiting court outcome | On or near West Wynd |