£218,357
This estimated value is based upon the latest sale price for the house of £116,000 on 19 Nov 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £116,000 | 19 Nov 2004 |
| £73,250 | 21 Dec 2001 |
| Terraced |
| Freehold |
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 November 2004 the House Price Index for TYNE AND WEAR was 78.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.239%.Applying this 88.239% change to the original purchase price of £116,000 results in an estimated price of approximately £218,357.
| 19 Nov 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.9 | 148.6 | 88.239 % | £116,000 | £102,357 | £218,357 |
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 | 14.688 % | £17,038 | £133,038 |
| 3 Month Average | 4.013 % | £4,655 | £120,655 |
| 6 Month Average | 9.149 % | £10,612 | £126,612 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £152,671 | £150,000 | 54 WEARHEAD DRIVE |
| 8 Dec 2023 | £157,760 | £155,000 | 66 WEARHEAD DRIVE |
| 16 Jun 2023 | £119,447 | £118,000 | 42 WEARHEAD DRIVE |
| 14 Oct 2022 | £113,775 | £115,000 | 47 WEARHEAD DRIVE |
| 1 Jul 2022 | £85,731 | £85,500 | 29 WEARHEAD DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Wearhead Drive | |
| Feb 2024 | Anti-social behaviour | On or near Wearhead Drive | |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Cedric Crescent |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Cedric Crescent |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cedric Crescent |