£119,781
This estimated value is based upon the latest sale price for the house of £97,000 on 10 Sep 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £97,000 | 10 Sep 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 88 sq meters or 951 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 September 2018 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £97,000 results in an estimated price of approximately £119,781.
| 10 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £97,000 | £22,781 | £119,781 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -8.742 % | £-8,480 | £88,519 |
| 3 Month Average | -1.424 % | £-1,380 | £95,619 |
| 6 Month Average | 12.576 % | £12,198 | £109,198 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £187,277 | £184,000 | 22 WHITTINGTON GROVE |
| 22 Jun 2023 | £68,834 | £68,000 | 4A CEDAR ROAD |
| 2 Jun 2023 | £157,913 | £156,000 | 39 OVINGTON GROVE |
| 24 Apr 2023 | £109,176 | £108,000 | 46 OVINGTON GROVE |
| 31 Aug 2022 | £94,745 | £95,000 | 72 OVINGTON GROVE |
This house has a floor area of 88 sq meters or 951 sq feet when measured on 9 Nov 2010. Using an estimated price of £119,782 means this house is valued at £1,355 per sq meter (£125 per sq foot).
The average size of a house on OVINGTON GROVE is 72 sq meters (785 sq feet).