£163,568
This estimated value is based upon the latest sale price for the house of £140,000 on 30 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£140,000 | 30 Oct 2020 |
£128,000 | 15 Jun 2018 |
£128,995 | 21 Nov 2014 |
Semi-Detached |
Leasehold |
Floor Area: 75 sq meters or 807 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 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 16.835%.Applying this 16.835% change to the original purchase price of £140,000 results in an estimated price of approximately £163,568.
30 Oct 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
126.7 | 148.0 | 16.835 % | £140,000 | £23,568 | £163,568 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | -35.439 % | £-49,615 | £90,384 |
3 Month Average | 1.701 % | £2,380 | £142,380 |
6 Month Average | 6.173 % | £8,642 | £148,642 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £172,211 | £170,000 | 27 BELLSHIEL GROVE |
23 Aug 2023 | £216,265 | £214,950 | 46 BELLSHIEL GROVE |
11 Aug 2022 | £213,557 | £215,000 | 50 BELLSHIEL GROVE |
1 Jul 2022 | £179,757 | £180,000 | 35 BELLSHIEL GROVE |
11 Feb 2022 | £208,892 | £200,000 | 213 ARMSTRONG ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 14 Nov 2014. Using an estimated price of £163,569 means this house is valued at £2,180 per sq meter (£202 per sq foot).
The average size of a house on BELLSHIEL GROVE is 100 sq meters (1,079 sq feet).