£150,434
This estimated value is based upon the latest sale price for the house of £95,000 on 24 Feb 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 24 Feb 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 45 sq meters or 484 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 February 2014 the House Price Index for TYNE AND WEAR was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £95,000 results in an estimated price of approximately £150,434.
| 24 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 148.6 | 58.353 % | £95,000 | £55,434 | £150,434 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | -9.256 % | £-8,793 | £86,206 |
| 3 Month Average | 114.952 % | £109,204 | £204,204 |
| 6 Month Average | 35.493 % | £33,718 | £128,718 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jun 2023 | £144,753 | £143,000 | FLAT C 17 DEAN STREET |
| 17 Mar 2023 | £123,766 | £122,600 | FLAT B 21 DEAN STREET |
| 25 Jan 2023 | £114,461 | £115,000 | 10/4 55 DEGREES NORTH PILGRIM STREET |
| 25 Jul 2022 | £110,297 | £110,000 | 9/5 55 DEGREES NORTH PILGRIM STREET |
| 9 Jun 2022 | £20,287 | £20,000 | 86 PILGRIM STREET |
This house has a floor area of 45 sq meters or 484 sq feet when measured on 8 Nov 2021. Using an estimated price of £150,435 means this house is valued at £3,343 per sq meter (£310 per sq foot).
The average size of a house on DEAN STREET is 61 sq meters (656 sq feet).