£756,917
This estimated value is based upon the latest sale price for the house of £447,500 on 20 Dec 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £447,500 | 20 Dec 2012 |
| £28,500 | 1 May 2003 |
| £186,000 | 17 Sep 1999 |
| £121,000 | 19 Dec 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 157 sq meters or 1,691 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 December 2012 the House Price Index for TYNE AND WEAR was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £447,500 results in an estimated price of approximately £756,917.
| 20 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.6 | 69.144 % | £447,500 | £309,417 | £756,917 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 33.713 % | £150,864 | £598,364 |
| 3 Month Average | -2.285 % | £-10,223 | £437,276 |
| 6 Month Average | 14.320 % | £64,082 | £511,582 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £170,992 | £168,000 | FLAT 7 124 ST GEORGES TERRACE |
| 3 Aug 2023 | £151,626 | £150,300 | FLAT 2 124 ST GEORGES TERRACE |
| 20 Jul 2023 | £229,083 | £226,000 | FLAT 4 124 ST GEORGES TERRACE |
| 13 Apr 2023 | £142,535 | £141,000 | FLAT 5 124 ST GEORGES TERRACE |
| 31 Mar 2023 | £656,182 | £650,000 | 115 ST GEORGES TERRACE |
This house has a floor area of 157 sq meters or 1,691 sq feet when measured on 24 May 2011. Using an estimated price of £756,918 means this house is valued at £4,817 per sq meter (£447 per sq foot).
The average size of a house on OSBORNE ROAD is 119 sq meters (1,289 sq feet).