£83,922
This estimated value is based upon the latest sale price for the house of £65,500 on 7 Jun 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,500 | 7 Jun 2017 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 June 2017 the House Price Index for TYNE AND WEAR was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £65,500 results in an estimated price of approximately £83,922.
| 7 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £65,500 | £18,422 | £83,922 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 11.043 % | £7,233 | £72,733 |
| 3 Month Average | 11.322 % | £7,415 | £72,915 |
| 6 Month Average | 26.113 % | £17,104 | £82,604 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £96,230 | £95,000 | 206 HAREYDENE |
| 20 Jul 2023 | £81,091 | £80,000 | 4 HAREYDENE |
| 4 Jul 2023 | £42,573 | £42,000 | 33 BLUEBELL DENE |
| 28 Apr 2023 | £39,121 | £38,700 | 5 BLUEBELL DENE |
| 13 Feb 2023 | £80,946 | £81,000 | 19 HAREYDENE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 1 Feb 2017. Using an estimated price of £83,922 means this house is valued at £953 per sq meter (£88 per sq foot).
The average size of a house on HAREYDENE is 101 sq meters (1,097 sq feet).