£273,570
This estimated value is based upon the latest sale price for the house of £49,000 on 24 Feb 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £49,000 | 24 Feb 1995 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 1995 the House Price Index for TYNE AND WEAR was 26.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 458.306%.Applying this 458.306% change to the original purchase price of £49,000 results in an estimated price of approximately £273,570.
| 24 Feb 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.6 | 148.6 | 458.306 % | £49,000 | £224,570 | £273,570 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 235.743 % | £115,514 | £164,514 |
| 3 Month Average | 204.957 % | £100,428 | £149,428 |
| 6 Month Average | 210.562 % | £103,175 | £152,175 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Sep 2023 | £172,151 | £169,950 | 47 FARNHAM TERRACE |
| 30 Jun 2023 | £163,986 | £162,000 | 33 FARNHAM TERRACE |
| 11 Oct 2022 | £66,781 | £67,500 | 32 THE WESTLANDS |
| 21 Jun 2022 | £137,950 | £136,000 | 30 EASTFIELD STREET |
| 17 May 2022 | £173,265 | £170,000 | 35 FARNHAM TERRACE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 8 Jul 2015. Using an estimated price of £273,570 means this house is valued at £3,039 per sq meter (£282 per sq foot).
The average size of a house on THE WESTLANDS is 141 sq meters (1,526 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Eastfield Street |
| Jan 2024 | Anti-social behaviour | On or near Eastfield Street | |
| Jan 2024 | Anti-social behaviour | On or near Eastfield Street | |
| Jan 2024 | Anti-social behaviour | On or near Eastfield Street | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dunbar Street |