£75,431
This estimated value is based upon the latest sale price for the house of £70,000 on 29 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 29 Sep 2021 |
| £75,000 | 21 Apr 2017 |
| £105,000 | 27 Aug 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 654 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £70,000 results in an estimated price of approximately £75,431.
| 29 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £70,000 | £5,431 | £75,431 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -34.694 % | £-24,285 | £45,714 |
| 3 Month Average | -6.337 % | £-4,436 | £65,563 |
| 6 Month Average | -0.776 % | £-543 | £69,456 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £151,943 | £150,000 | 187 PRINCE EDWARD ROAD |
| 21 Jun 2023 | £212,575 | £210,000 | 22 LYNWOOD WAY |
| 26 Jan 2023 | £223,945 | £225,000 | 20 SOUTH AVENUE |
| 14 Oct 2022 | £116,743 | £118,000 | 7 CEDAR GROVE |
| 22 Jul 2022 | £97,262 | £97,000 | 6 ASPEN PLACE |
This house has a floor area of 60 sq meters or 654 sq feet when measured on 4 May 2010. Using an estimated price of £75,431 means this house is valued at £1,240 per sq meter (£115 per sq foot).
The average size of a house on ASPEN PLACE is 65 sq meters (704 sq feet).