£267,547
This estimated value is based upon the latest sale price for the house of £267,000 on 19 Sep 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £267,000 | 19 Sep 2023 |
| £38,000 | 21 Jun 1996 |
| Terraced |
| Freehold |
| Floor Area: 160 sq meters or 1,722 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 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 0.205%.Applying this 0.205% change to the original purchase price of £267,000 results in an estimated price of approximately £267,547.
| 19 Sep 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 146.7 | 0.205 % | £267,000 | £547 | £267,547 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | -0.044 % | £-118 | £266,881 |
| 3 Month Average | -25.707 % | £-68,637 | £198,362 |
| 6 Month Average | -16.283 % | £-43,475 | £223,524 |
This house has a floor area of 160 sq meters or 1,722 sq feet when measured on 5 Nov 2019.
The average size of a house on SHIPLEY ROAD is 129 sq meters (1,396 sq feet).
This house is the largest in the street with a floor area of 160 sq meters (1,722 sq feet).