£109,356
This estimated value is based upon the latest sale price for the house of £72,500 on 11 Jul 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £72,500 | 11 Jul 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 July 2014 the House Price Index for TYNE AND WEAR was 97.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 50.837%.Applying this 50.837% change to the original purchase price of £72,500 results in an estimated price of approximately £109,356.
| 11 Jul 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 146.7 | 50.837 % | £72,500 | £36,856 | £109,356 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 18.787 % | £13,620 | £86,120 |
| 3 Month Average | -0.603 % | £-437 | £72,062 |
| 6 Month Average | 29.415 % | £21,325 | £93,825 |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 20 Aug 2013.
The average size of a house on WELBECK ROAD is 95 sq meters (1,030 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Cowen Street |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cowen Street |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cowen Street |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Byker Street |