£365,472
This estimated value is based upon the latest sale price for the house of £300,000 on 26 May 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £300,000 | 26 May 2020 |
| £300,000 | 26 May 2020 |
| Freehold |
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 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.824%.Applying this 21.824% change to the original purchase price of £300,000 results in an estimated price of approximately £365,472.
| 26 May 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.824 % | £300,000 | £65,472 | £365,472 |
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 | -23.269 % | £-69,807 | £230,192 |
| 3 Month Average | 8.166 % | £24,496 | £324,496 |
| 6 Month Average | 0.429 % | £1,287 | £301,287 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £94,072 | £93,500 | 4 LYNGROVE |
| 23 Feb 2023 | £134,364 | £135,000 | 34 LYNTHORPE |
| 19 Jan 2023 | £1,635,633 | £1,650,000 | LEECHMERE WORKS WELLMERE ROAD |
| 23 Sep 2022 | £43,471 | £44,000 | 43 EDGMOND COURT |
| 4 Aug 2022 | £80,953 | £81,500 | 45 HEWITT AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Awaiting court outcome | On or near Wellmere Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wellmere Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wellmere Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Wellmere Road |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Edgmond Court |