£170,424
This estimated value is based upon the latest sale price for the house of £147,000 on 13 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £147,000 | 13 Nov 2020 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £147,000 results in an estimated price of approximately £170,424.
| 13 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £147,000 | £23,424 | £170,424 |
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 | -1.010 % | £-1,485 | £145,514 |
| 3 Month Average | -1.933 % | £-2,841 | £144,158 |
| 6 Month Average | 1.403 % | £2,062 | £149,062 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £195,900 | £193,000 | 16 WESTGARTH |
| 26 Jun 2023 | £187,268 | £185,000 | 6 BEDEBURN ROAD |
| 24 Feb 2023 | £214,855 | £215,000 | 48 WESTGARTH |
| 24 Feb 2023 | £164,889 | £165,000 | 34 WESTGARTH |
| 16 Nov 2022 | £228,235 | £231,000 | 22 PRIORY WAY |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 13 Oct 2013. Using an estimated price of £170,425 means this house is valued at £2,028 per sq meter (£188 per sq foot).
The average size of a house on WESTGARTH is 81 sq meters (876 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near St Marks Court | |
| Jan 2024 | Anti-social behaviour | On or near St Marks Court | |
| Jan 2024 | Anti-social behaviour | On or near St Marks Court | |
| Dec 2023 | Vehicle crime | Awaiting court outcome | On or near St Marks Court |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Deneside |