£112,370
This estimated value is based upon the latest sale price for the house of £65,000 on 3 Oct 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,000 | 3 Oct 2011 |
| £90,000 | 11 Jul 2004 |
| Semi-Detached |
| Leasehold |
| Floor Area: 79 sq meters or 857 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 October 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.878%.Applying this 72.878% change to the original purchase price of £65,000 results in an estimated price of approximately £112,370.
| 3 Oct 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.878 % | £65,000 | £47,370 | £112,370 |
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 | 26.681 % | £17,342 | £82,342 |
| 3 Month Average | 16.913 % | £10,993 | £75,993 |
| 6 Month Average | 28.255 % | £18,365 | £83,365 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £65,574 | £65,000 | 4 AMBERGATE CLOSE |
| 26 Jun 2023 | £94,140 | £93,000 | 139 TREVELYAN DRIVE |
| 22 Feb 2022 | £167,739 | £159,950 | 3 BRIARSIDE |
| 14 Feb 2022 | £97,529 | £93,000 | 94 MORTIMER AVENUE |
| 3 Feb 2022 | £97,529 | £93,000 | 104 MORTIMER AVENUE |
This house has a floor area of 79 sq meters or 857 sq feet when measured on 23 Jun 2011. Using an estimated price of £112,371 means this house is valued at £1,410 per sq meter (£131 per sq foot).
The average size of a house on HERRICK STREET is 90 sq meters (977 sq feet).