£327,469
This estimated value is based upon the latest sale price for the house of £189,475 on 11 Dec 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£189,475 | 11 Dec 2009 |
Detached |
Freehold |
Floor Area: 112 sq meters or 1,205 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 2009 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.830%.Applying this 72.830% change to the original purchase price of £189,475 results in an estimated price of approximately £327,469.
11 Dec 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.0 | 148.6 | 72.830 % | £189,475 | £137,994 | £327,469 |
The Postcode Pricing Model uses changes in average sales price within the NE13 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 | 22.137 % | £41,943 | £231,418 |
3 Month Average | 9.590 % | £18,171 | £207,646 |
6 Month Average | 16.760 % | £31,755 | £221,230 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Aug 2023 | £300,126 | £297,500 | 2 ROSEDEN WAY |
30 Jun 2023 | £490,947 | £485,000 | 35 ROSEDEN WAY |
26 Aug 2022 | £234,369 | £235,000 | 20 PRENDWICK AVENUE |
28 Jan 2022 | £199,958 | £190,000 | 41 ROSEDEN WAY |
30 Sep 2021 | £239,764 | £222,500 | 139 ROSEDEN WAY |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 9 Jan 2020. Using an estimated price of £327,469 means this house is valued at £2,923 per sq meter (£271 per sq foot).
The average size of a house on PRENDWICK AVENUE is 87 sq meters (940 sq feet).