£174,531
This estimated value is based upon the latest sale price for the house of £74,950 on 5 Jun 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £74,950 | 5 Jun 2003 |
| £45,500 | 14 Dec 1998 |
| Semi-Detached |
| 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 2003 the House Price Index for TYNE AND WEAR was 63.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 132.863%.Applying this 132.863% change to the original purchase price of £74,950 results in an estimated price of approximately £174,531.
| 5 Jun 2003 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 63.0 | 146.7 | 132.863 % | £74,950 | £99,581 | £174,531 |
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 | 162.009 % | £121,425 | £196,375 |
| 3 Month Average | 109.710 % | £82,227 | £157,177 |
| 6 Month Average | 118.165 % | £88,564 | £163,514 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 31 Jul 2015.
The average size of a house on WEST LEA is 75 sq meters (807 sq feet).
This house is the largest in the street with a floor area of 88 sq meters (947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near West Lea |
| Dec 2023 | Possession of weapons | Awaiting court outcome | On or near West Lea |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near West Lea |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near West Lea |
| Mar 2024 | Other theft | Under investigation | On or near Wagtail Close |