£206,088
This estimated value is based upon the latest sale price for the house of £121,000 on 25 Sep 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £121,000 | 25 Sep 2006 |
| £88,000 | 7 Nov 2002 |
| £58,500 | 19 Jun 1998 |
| £49,950 | 31 May 1995 |
| Terraced |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 2006 the House Price Index for TYNE AND WEAR was 87.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.321%.Applying this 70.321% change to the original purchase price of £121,000 results in an estimated price of approximately £206,088.
| 25 Sep 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 148.6 | 70.321 % | £121,000 | £85,088 | £206,088 |
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 | -10.707 % | £-12,956 | £108,043 |
| 3 Month Average | 5.468 % | £6,616 | £127,616 |
| 6 Month Average | 15.091 % | £18,260 | £139,260 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £232,030 | £230,000 | 30 BEACONSIDE |
| 12 Jul 2023 | £233,138 | £230,000 | 26 BEACONSIDE |
| 31 Mar 2023 | £343,234 | £340,000 | 80 BEACONSIDE |
| 31 Mar 2023 | £247,330 | £245,000 | 96 BEACONSIDE |
| 3 Feb 2023 | £249,832 | £250,000 | 44 BEACONSIDE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 2 Sep 2019. Using an estimated price of £206,089 means this house is valued at £3,553 per sq meter (£330 per sq foot).
The average size of a house on BEACONSIDE is 89 sq meters (960 sq feet).