£223,630
This estimated value is based upon the latest sale price for the house of £154,000 on 26 Jun 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £154,000 | 26 Jun 2015 |
| £142,000 | 16 Apr 2007 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £154,000 results in an estimated price of approximately £223,630.
| 26 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £154,000 | £69,630 | £223,630 |
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 | 4.676 % | £7,200 | £161,200 |
| 3 Month Average | 13.102 % | £20,177 | £174,177 |
| 6 Month Average | 25.436 % | £39,171 | £193,171 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £159,796 | £157,000 | 96 WEST AVENUE |
| 24 Mar 2023 | £147,389 | £146,000 | 7 ROWEDGE WALK |
| 12 Sep 2022 | £158,718 | £160,000 | 5 ROWEDGE WALK |
| 12 Aug 2022 | £209,436 | £210,000 | 1 WOBURN WAY |
| 22 Jul 2022 | £135,364 | £135,000 | 26 ELLESMERE AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 22 Apr 2015. Using an estimated price of £223,631 means this house is valued at £2,541 per sq meter (£236 per sq foot).
The average size of a house on WOBURN WAY is 110 sq meters (1,192 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Mary Terrace |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near North Avenue |
| Dec 2023 | Anti-social behaviour | On or near Ellesmere Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Ellesmere Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Ellesmere Avenue |