£66,936
This estimated value is based upon the latest sale price for the house of £65,000 on 19 Apr 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,000 | 19 Apr 2022 |
| £27,500 | 24 Aug 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 56 sq meters or 602 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 April 2022 the House Price Index for TYNE AND WEAR was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £65,000 results in an estimated price of approximately £66,936.
| 19 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.6 | 2.980 % | £65,000 | £1,936 | £66,936 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -37.197 % | £-24,178 | £40,821 |
| 3 Month Average | -18.201 % | £-11,830 | £53,169 |
| 6 Month Average | -11.380 % | £-7,397 | £57,602 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £81,425 | £80,000 | 104 LEECHMERE ROAD |
| 22 Sep 2023 | £116,489 | £115,000 | 2 WHITEMERE CLOSE |
| 25 Aug 2023 | £332,912 | £330,000 | 26 QUEEN ALEXANDRA ROAD |
| 28 Jul 2023 | £157,115 | £155,000 | 26 WOODSTOCK AVENUE |
| 14 Apr 2023 | £119,284 | £118,000 | 15 WESTHEATH AVENUE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 8 Jul 2013. Using an estimated price of £66,937 means this house is valued at £1,195 per sq meter (£111 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Wilton Square |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wayland Square |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wayland Square |
| Mar 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Supermarket |