£202,912
This estimated value is based upon the latest sale price for the house of £165,448 on 21 Nov 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £165,448 | 21 Nov 2019 |
| £165,448 | 25 Sep 2019 |
| £156,059 | 9 Sep 2016 |
| Flats/Maisonettes |
| Leasehold |
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 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £165,448 results in an estimated price of approximately £202,912.
| 21 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £165,448 | £37,464 | £202,912 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | -46.609 % | £-77,112 | £88,335 |
| 3 Month Average | 11.223 % | £18,568 | £184,016 |
| 6 Month Average | -0.466 % | £-770 | £164,677 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 May 2020 | £112,533 | £92,000 | FLAT 325 VITA STUDENT WESTGATE ROAD |
| 21 Nov 2019 | £202,913 | £165,448 | FLAT 501 VITA STUDENT WESTGATE ROAD |
| 30 Sep 2019 | £153,732 | £125,295 | FLAT 506 VITA STUDENT WESTGATE ROAD |
| 3 May 2019 | £148,909 | £120,463 | FLAT 230 VITA STUDENT WESTGATE ROAD |
| 26 Feb 2019 | £137,223 | £111,088 | FLAT 432 VITA STUDENT WESTGATE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near St John Street |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near St John Street |
| Apr 2024 | Anti-social behaviour | On or near St John Street | |
| Apr 2024 | Anti-social behaviour | On or near St John Street | |
| Apr 2024 | Drugs | Offender given a caution | On or near St John Street |