£294,573
This estimated value is based upon the latest sale price for the house of £197,500 on 4 Dec 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 |
---|---|
£197,500 | 4 Dec 2014 |
£179,950 | 23 May 2008 |
£70,000 | 4 Feb 1998 |
Terraced |
Freehold |
Floor Area: 154 sq meters or 1,657 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 December 2014 the House Price Index for TYNE AND WEAR was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £197,500 results in an estimated price of approximately £294,573.
4 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.6 | 148.6 | 49.151 % | £197,500 | £97,073 | £294,573 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 100.519 % | £198,525 | £396,025 |
3 Month Average | 44.404 % | £87,698 | £285,198 |
6 Month Average | 31.276 % | £61,770 | £259,270 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £216,284 | £212,500 | 8 ROSEDALE ROAD |
20 Sep 2023 | £55,712 | £55,000 | 1 GEORGE STREET |
8 Sep 2023 | £182,331 | £180,000 | 27 WESTFIELD CRESCENT |
14 Aug 2023 | £176,544 | £175,000 | 2 WESTFIELD AVENUE |
14 Jul 2023 | £95,282 | £94,000 | 14 CLIFFORD GARDENS |
This house has a floor area of 154 sq meters or 1,657 sq feet when measured on 18 Dec 2015. Using an estimated price of £294,574 means this house is valued at £1,912 per sq meter (£177 per sq foot).
The average size of a house on WESTFIELD CRESCENT is 120 sq meters (1,292 sq feet).
This house is the largest in the street with a floor area of 154 sq meters (1,657 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Westfield Avenue |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Westfield Avenue |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Westfield Avenue |
Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Greenside Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Dale View Gardens |