£217,666
This estimated value is based upon the latest sale price for the house of £139,950 on 31 Mar 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £139,950 | 31 Mar 2008 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 2008 the House Price Index for TYNE AND WEAR was 94.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 55.531%.Applying this 55.531% change to the original purchase price of £139,950 results in an estimated price of approximately £217,666.
| 31 Mar 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 146.7 | 55.531 % | £139,950 | £77,716 | £217,666 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 73.537 % | £102,915 | £242,865 |
| 3 Month Average | 34.207 % | £47,872 | £187,822 |
| 6 Month Average | 25.235 % | £35,316 | £175,266 |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 18 Jan 2015.
The average size of a house on WALLINGTON CLOSE is 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Springfield Road |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Springfield Road |
| Mar 2024 | Anti-social behaviour | On or near Simonside Road | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Simonside Road |