£207,547
This estimated value is based upon the latest sale price for the house of £154,550 on 13 May 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £154,550 | 13 May 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 May 2016 the House Price Index for TYNE AND WEAR was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £154,550 results in an estimated price of approximately £207,547.
| 13 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £154,550 | £52,997 | £207,547 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | -23.854 % | £-36,866 | £117,683 |
| 3 Month Average | 8.570 % | £13,244 | £167,794 |
| 6 Month Average | 10.622 % | £16,416 | £170,966 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £288,691 | £285,000 | 45 WOODLANDS GRANGE |
| 25 Aug 2023 | £343,001 | £340,000 | 7 KILLINGWORTH ROAD |
| 17 Jul 2023 | £309,161 | £305,000 | 11 EARLINGTON COURT |
| 10 Feb 2023 | £290,804 | £291,000 | 6 OAKFIELD TERRACE |
| 26 Apr 2022 | £113,278 | £110,000 | 3 CLOUSDEN DRIVE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 6 Jun 2015. Using an estimated price of £207,548 means this house is valued at £2,231 per sq meter (£207 per sq foot).
The average size of a house on WOODLANDS TERRACE is 117 sq meters (1,265 sq feet).
This house is the largest in the street with a floor area of 93 sq meters (1,001 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Errington Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Errington Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Errington Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Errington Terrace |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Errington Terrace |