£192,720
This estimated value is based upon the latest sale price for the house of £156,000 on 26 Mar 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £156,000 | 26 Mar 2019 |
| £162,000 | 13 Apr 2006 |
| Terraced |
| Freehold |
| Floor Area: 139 sq meters or 1,496 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 March 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.539%.Applying this 23.539% change to the original purchase price of £156,000 results in an estimated price of approximately £192,720.
| 26 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.539 % | £156,000 | £36,720 | £192,720 |
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 | 47.097 % | £73,471 | £229,471 |
| 3 Month Average | 10.535 % | £16,434 | £172,434 |
| 6 Month Average | 11.378 % | £17,750 | £173,750 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £223,918 | £220,000 | 8 THE WESTLANDS |
| 29 Sep 2023 | £117,502 | £116,000 | 19 ABINGDON STREET |
| 27 Sep 2023 | £157,007 | £155,000 | 45 BARNARD STREET |
| 10 Jul 2023 | £127,719 | £126,000 | 5 BARNARD STREET |
| 29 Jun 2023 | £127,545 | £126,000 | 35 BARNARD STREET |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 28 May 2018. Using an estimated price of £192,721 means this house is valued at £1,386 per sq meter (£128 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 | Violence and sexual offences | Under investigation | On or near Abingdon Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Abingdon Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Barnard Street |
| Mar 2024 | Other crime | Under investigation | On or near Dilston Gardens |
| Feb 2024 | Anti-social behaviour | On or near Kayll Road |