£389,348
This estimated value is based upon the latest sale price for the house of £315,950 on 31 Oct 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£315,950 | 31 Oct 2018 |
Detached |
Freehold |
Floor Area: 152 sq meters or 1,636 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 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £315,950 results in an estimated price of approximately £389,348.
31 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.6 | 148.6 | 23.231 % | £315,950 | £73,398 | £389,348 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -41.070 % | £-129,759 | £186,190 |
3 Month Average | -2.168 % | £-6,849 | £309,100 |
6 Month Average | 7.568 % | £23,911 | £339,861 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £268,982 | £265,000 | 22 MELDON WAY |
11 Jul 2022 | £172,464 | £172,000 | 1 MELDON WAY |
10 May 2022 | £321,049 | £315,000 | 18 REDESDALE AVENUE |
10 May 2022 | £494,314 | £485,000 | 26 WOODLANDS WAY |
18 Mar 2022 | £481,862 | £465,000 | 11 WOODLANDS WAY |
This house has a floor area of 152 sq meters or 1,636 sq feet when measured on 30 Oct 2018. Using an estimated price of £389,348 means this house is valued at £2,561 per sq meter (£237 per sq foot).
The average size of a house on WOODLANDS WAY is 180 sq meters (1,942 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Other crime | Under investigation | On or near Thornley Lane |
Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Thornley Lane |
Feb 2024 | Vehicle crime | Under investigation | On or near Beadnell Close |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Hollinhill |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Meldon Way |