£154,839
This estimated value is based upon the latest sale price for the house of £44,250 on 30 Mar 2001. 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 Wellfield Lane
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| Price Paid | Date |
|---|---|
| £44,250 | 30 Mar 2001 |
| Semi-Detached |
| Freehold |
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 March 2001 the House Price Index for TYNE AND WEAR was 42.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 249.920%.Applying this 249.920% change to the original purchase price of £44,250 results in an estimated price of approximately £154,839.
| 30 Mar 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.5 | 148.6 | 249.920 % | £44,250 | £110,589 | £154,839 |
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 | 167.352 % | £74,053 | £118,303 |
| 3 Month Average | 172.413 % | £76,292 | £120,542 |
| 6 Month Average | 197.113 % | £87,222 | £131,472 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £203,562 | £200,000 | 46 GREENVALE AVENUE |
| 1 Dec 2023 | £167,938 | £165,000 | 4 WILLISTON CLOSE |
| 30 Nov 2023 | £102,518 | £101,000 | 30 CHESSAR AVENUE |
| 31 Jan 2023 | £174,180 | £175,000 | GARAGE, 1 WILLISTON CLOSE |
| 31 Jan 2023 | £174,180 | £175,000 | 1 WILLISTON CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Wellfield Lane |
| Mar 2024 | Anti-social behaviour | On or near Wellfield Lane | |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Wellfield Lane |
| Mar 2024 | Anti-social behaviour | On or near Wellfield Lane | |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Wellfield Lane |