£208,648
This estimated value is based upon the latest sale price for the house of £66,000 on 9 Nov 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £66,000 | 9 Nov 2001 |
| £57,000 | 8 Dec 2000 |
| £46,000 | 5 Dec 1997 |
| 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 November 2001 the House Price Index for TYNE AND WEAR was 46.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 216.134%.Applying this 216.134% change to the original purchase price of £66,000 results in an estimated price of approximately £208,648.
| 9 Nov 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.4 | 146.7 | 216.134 % | £66,000 | £142,648 | £208,648 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | 83.616 % | £55,186 | £121,186 |
| 3 Month Average | 119.804 % | £79,070 | £145,070 |
| 6 Month Average | 101.545 % | £67,019 | £133,019 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 4 May 2017.
The average size of a house on WELDON AVENUE is 116 sq meters (1,257 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Weldon Avenue | |
| Mar 2024 | Drugs | Under investigation | On or near Weldon Avenue |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Weldon Avenue |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodstock Avenue |
| Dec 2023 | Anti-social behaviour | On or near Weybourne Square |