£156,261
This estimated value is based upon the latest sale price for the house of £126,500 on 21 Feb 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £126,500 | 21 Feb 2019 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 February 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £126,500 results in an estimated price of approximately £156,261.
| 21 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £126,500 | £29,761 | £156,261 |
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 | 24.160 % | £30,562 | £157,062 |
| 3 Month Average | 13.411 % | £16,964 | £143,464 |
| 6 Month Average | 15.845 % | £20,043 | £146,543 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £162,404 | £160,000 | 57 WESTGARTH |
| 1 Nov 2023 | £195,900 | £193,000 | 16 WESTGARTH |
| 29 Sep 2023 | £177,267 | £175,000 | 102 WESTGARTH |
| 15 Sep 2023 | £232,979 | £230,000 | 74 WESTGARTH |
| 26 Jun 2023 | £187,268 | £185,000 | 6 BEDEBURN ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 5 Oct 2018. Using an estimated price of £156,261 means this house is valued at £2,480 per sq meter (£230 per sq foot).
The average size of a house on WESTGARTH is 81 sq meters (876 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Westgarth |
| Mar 2024 | Anti-social behaviour | On or near Priory Way | |
| Mar 2024 | Burglary | Under investigation | On or near Priory Way |
| Jan 2024 | Anti-social behaviour | On or near St Marks Court | |
| Jan 2024 | Anti-social behaviour | On or near St Marks Court |