£291,512
This estimated value is based upon the latest sale price for the house of £114,950 on 6 Dec 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£114,950 | 6 Dec 2002 |
£80,000 | 16 Nov 2001 |
Detached |
Leasehold |
Floor Area: 85 sq meters or 914 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 December 2002 the House Price Index for TYNE AND WEAR was 58.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 153.600%.Applying this 153.600% change to the original purchase price of £114,950 results in an estimated price of approximately £291,512.
6 Dec 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
58.6 | 148.6 | 153.600 % | £114,950 | £176,562 | £291,512 |
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 | 133.603 % | £153,576 | £268,526 |
3 Month Average | 104.823 % | £120,494 | £235,444 |
6 Month Average | 105.142 % | £120,860 | £235,810 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Sep 2023 | £235,005 | £232,000 | 17 ESTUARY WAY |
18 Jul 2023 | £248,342 | £245,000 | 23 MALING PARK |
18 Apr 2023 | £136,469 | £135,000 | 6 CLAXHEUGH COTTAGES |
15 Jul 2022 | £265,715 | £265,000 | 24 MALING PARK |
14 Apr 2022 | £177,125 | £172,000 | 70 CLAXHEUGH ROAD |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 4 Nov 2014. Using an estimated price of £291,513 means this house is valued at £3,429 per sq meter (£318 per sq foot).
The average size of a house on MALING PARK is 96 sq meters (1,037 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Riverside Park |