£135,248
This estimated value is based upon the latest sale price for the house of £137,000 on 24 Feb 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £137,000 | 24 Feb 2023 |
| £81,000 | 4 May 2022 |
| £100,000 | 5 Jul 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 February 2023 the House Price Index for TYNE AND WEAR was 148.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.279%.Applying this -1.279% change to the original purchase price of £137,000 results in an estimated price of approximately £135,248.
| 24 Feb 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.6 | 146.7 | -1.279 % | £137,000 | £-1,751 | £135,248 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -36.787 % | £-50,397 | £86,602 |
| 3 Month Average | -45.309 % | £-62,073 | £74,926 |
| 6 Month Average | -10.547 % | £-14,448 | £122,551 |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 3 Apr 2013.
The average size of a house on WESTERN TERRACE is 107 sq meters (1,153 sq feet).
This house is the largest in the street with a floor area of 85 sq meters (914 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Spout Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Spout Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Spout Lane |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Spout Lane |
| Mar 2024 | Anti-social behaviour | On or near Spout Lane |