£581,358
This estimated value is based upon the latest sale price for the house of £502,000 on 5 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £502,000 | 5 Oct 2020 |
| £259,500 | 1 Oct 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 157 sq meters or 1,689 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 October 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 15.808%.Applying this 15.808% change to the original purchase price of £502,000 results in an estimated price of approximately £581,358.
| 5 Oct 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 146.7 | 15.808 % | £502,000 | £79,358 | £581,358 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | -8.879 % | £-44,571 | £457,428 |
| 3 Month Average | -9.835 % | £-49,370 | £452,629 |
| 6 Month Average | -2.945 % | £-14,785 | £487,214 |
This house has a floor area of 157 sq meters or 1,689 sq feet when measured on 4 Jul 2020.
The average size of a house on WELLBURN PARK is 142 sq meters (1,534 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Collingwood Terrace |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Collingwood Terrace |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Collingwood Terrace |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Collingwood Terrace |