£207,330
This estimated value is based upon the latest sale price for the house of £185,000 on 26 Feb 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £185,000 | 26 Feb 2021 |
| £157,500 | 10 Feb 2017 |
| £135,000 | 31 Jan 2014 |
| £170,000 | 29 Apr 2005 |
| £45,000 | 1 Aug 2003 |
| Terraced |
| Freehold |
| Floor Area: 177 sq meters or 1,905 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 2021 the House Price Index for TYNE AND WEAR was 130.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 12.070%.Applying this 12.070% change to the original purchase price of £185,000 results in an estimated price of approximately £207,330.
| 26 Feb 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.9 | 146.7 | 12.070 % | £185,000 | £22,330 | £207,330 |
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 | -18.103 % | £-33,490 | £151,509 |
| 3 Month Average | -0.757 % | £-1,400 | £183,599 |
| 6 Month Average | 11.816 % | £21,860 | £206,860 |
This house has a floor area of 177 sq meters or 1,905 sq feet when measured on 18 Jul 2012.
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 | Criminal damage and arson | 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 |