£60,570
This estimated value is based upon the latest sale price for the house of £60,000 on 16 Mar 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £60,000 | 16 Mar 2023 |
| £86,500 | 8 Jun 2007 |
| £66,850 | 27 Oct 2006 |
| Terraced |
| Freehold |
| Floor Area: 56 sq meters or 603 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 2023 the House Price Index for TYNE AND WEAR was 147.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.951%.Applying this 0.951% change to the original purchase price of £60,000 results in an estimated price of approximately £60,570.
| 16 Mar 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.6 | 0.951 % | £60,000 | £570 | £60,570 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 25.733 % | £15,439 | £75,439 |
| 3 Month Average | -8.001 % | £-4,800 | £55,199 |
| 6 Month Average | -1.421 % | £-852 | £59,147 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £111,425 | £110,000 | 23 PERCIVAL STREET |
| 8 Sep 2023 | £81,036 | £80,000 | 30 EAST MOOR ROAD |
| 25 Aug 2023 | £88,272 | £87,500 | 12 CHEVIOT STREET |
| 29 Jun 2023 | £84,018 | £83,000 | 4 CHEVIOT STREET |
| 16 Mar 2023 | £60,571 | £60,000 | 24 EAST MOOR ROAD |
This house has a floor area of 56 sq meters or 603 sq feet when measured on 9 Nov 2011. Using an estimated price of £60,571 means this house is valued at £1,081 per sq meter (£100 per sq foot).
The average size of a house on EAST MOOR ROAD is 70 sq meters (756 sq feet).