£158,085
This estimated value is based upon the latest sale price for the house of £140,000 on 26 Apr 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £140,000 | 26 Apr 2021 |
| £115,000 | 6 Dec 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 April 2021 the House Price Index for TYNE AND WEAR was 131.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 12.918%.Applying this 12.918% change to the original purchase price of £140,000 results in an estimated price of approximately £158,085.
| 26 Apr 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.6 | 148.6 | 12.918 % | £140,000 | £18,085 | £158,085 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -11.287 % | £-15,801 | £124,198 |
| 3 Month Average | -9.327 % | £-13,058 | £126,941 |
| 6 Month Average | 0.956 % | £1,337 | £141,337 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £213,740 | £210,000 | 17 WESTMORLAND ROAD |
| 12 Jul 2023 | £157,115 | £155,000 | 31 WESTMORLAND ROAD |
| 30 Mar 2023 | £171,617 | £170,000 | 35 WESTMORLAND ROAD |
| 15 Mar 2023 | £191,807 | £190,000 | 8 NORFOLK ROAD |
| 10 Feb 2023 | £154,896 | £155,000 | 51 WESTMORLAND ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 12 Mar 2013. Using an estimated price of £158,085 means this house is valued at £1,881 per sq meter (£174 per sq foot).
The average size of a house on WESTMORLAND ROAD is 97 sq meters (1,047 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Westmorland Road |
| Jan 2024 | Anti-social behaviour | On or near Redwell Court | |
| Jan 2024 | Anti-social behaviour | On or near Redwell Court | |
| Jan 2024 | Anti-social behaviour | On or near Redwell Court | |
| Jan 2024 | Other crime | Under investigation | On or near Redwell Court |