£249,401
This estimated value is based upon the latest sale price for the house of £199,950 on 29 May 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £199,950 | 29 May 2018 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 May 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £199,950 results in an estimated price of approximately £249,401.
| 29 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £199,950 | £49,451 | £249,401 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -13.252 % | £-26,498 | £173,451 |
| 3 Month Average | 21.513 % | £43,014 | £242,964 |
| 6 Month Average | 23.081 % | £46,151 | £246,101 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £139,059 | £137,000 | 3 CAWTHORNE TERRACE |
| 29 Sep 2023 | £160,046 | £158,000 | 6 MOOR CREST TERRACE |
| 29 Aug 2023 | £282,421 | £279,950 | 12 KELVIN GROVE |
| 19 Aug 2022 | £136,134 | £136,500 | 2 MOOR CREST TERRACE |
| 28 Feb 2022 | £127,521 | £121,600 | 18 ROSEBERY AVENUE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 22 Mar 2018. Using an estimated price of £249,401 means this house is valued at £2,900 per sq meter (£269 per sq foot).
The average size of a house on KELVIN GROVE is 115 sq meters (1,242 sq feet).