£144,328
This estimated value is based upon the latest sale price for the house of £117,000 on 7 Dec 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £117,000 | 7 Dec 2018 |
| £95,000 | 5 Mar 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 December 2018 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £117,000 results in an estimated price of approximately £144,328.
| 7 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £117,000 | £27,328 | £144,328 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 35.242 % | £41,233 | £158,233 |
| 3 Month Average | 15.472 % | £18,102 | £135,102 |
| 6 Month Average | 11.205 % | £13,109 | £130,109 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jul 2023 | £207,797 | £205,000 | 49 BRUCE GARDENS |
| 6 Apr 2023 | £513,024 | £507,500 | FREEMAN HOUSE, 410 - 420 WEST ROAD |
| 7 Mar 2023 | £141,332 | £140,000 | 456 WEST ROAD |
| 27 Jan 2023 | £310,537 | £312,000 | 28 WESTACRES CRESCENT |
| 13 May 2022 | £285,377 | £280,000 | 2 WESTACRES CRESCENT |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 9 May 2017. Using an estimated price of £144,329 means this house is valued at £1,361 per sq meter (£126 per sq foot).
The average size of a house on WEST ROAD is 103 sq meters (1,115 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Colwell Place |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Westacres Crescent |
| Mar 2024 | Other theft | Under investigation | On or near Westacres Crescent |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Westacres Crescent |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Westacres Crescent |