£120,542
This estimated value is based upon the latest sale price for the house of £93,000 on 31 Mar 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 |
|---|---|
| £93,000 | 31 Mar 2017 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 March 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £93,000 results in an estimated price of approximately £120,542.
| 31 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 148.6 | 29.616 % | £93,000 | £27,542 | £120,542 |
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 | 6.627 % | £6,163 | £99,163 |
| 3 Month Average | 19.565 % | £18,195 | £111,195 |
| 6 Month Average | 35.577 % | £33,086 | £126,086 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £167,137 | £165,000 | 8 BYWELL AVENUE |
| 1 Sep 2023 | £188,409 | £186,000 | 39 BARBOUR AVENUE |
| 2 Jun 2023 | £172,084 | £170,000 | 58 BARBOUR AVENUE |
| 6 Mar 2023 | £171,617 | £170,000 | 126 CENTENARY AVENUE |
| 2 Sep 2022 | £158,718 | £160,000 | 30 BYWELL AVENUE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 14 Apr 2016. Using an estimated price of £120,543 means this house is valued at £1,470 per sq meter (£136 per sq foot).
The average size of a house on CENTENARY AVENUE is 84 sq meters (914 sq feet).