£111,078
This estimated value is based upon the latest sale price for the house of £70,000 on 24 Apr 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 24 Apr 2008 |
| £49,000 | 15 Apr 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 April 2008 the House Price Index for TYNE AND WEAR was 93.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.684%.Applying this 58.684% change to the original purchase price of £70,000 results in an estimated price of approximately £111,078.
| 24 Apr 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.6 | 148.6 | 58.684 % | £70,000 | £41,078 | £111,078 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 0.490 % | £343 | £70,343 |
| 3 Month Average | 8.376 % | £5,863 | £75,863 |
| 6 Month Average | 8.061 % | £5,642 | £75,642 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £111,425 | £110,000 | 57 STRATHMORE CRESCENT |
| 7 Jul 2023 | £65,887 | £65,000 | 120 STRATHMORE CRESCENT |
| 16 Jan 2023 | £74,648 | £75,000 | 245 COLSTON STREET |
| 14 Oct 2022 | £61,340 | £62,000 | 148 CANNING STREET |
| 6 Jan 2022 | £48,937 | £46,500 | 180 CANNING STREET |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 20 Jan 2020. Using an estimated price of £111,079 means this house is valued at £1,820 per sq meter (£169 per sq foot).
The average size of a house on CANNING STREET is 73 sq meters (791 sq feet).