£83,005
This estimated value is based upon the latest sale price for the house of £82,000 on 14 Jun 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 |
|---|---|
| £82,000 | 14 Jun 2023 |
| £107,000 | 21 Jan 2008 |
| £44,700 | 26 Jun 2002 |
| £26,500 | 22 Sep 2000 |
| £25,000 | 31 Oct 1996 |
| £14,000 | 12 Mar 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 765 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 June 2023 the House Price Index for TYNE AND WEAR was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £82,000 results in an estimated price of approximately £83,005.
| 14 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.6 | 1.226 % | £82,000 | £1,005 | £83,005 |
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 | -17.557 % | £-14,396 | £67,603 |
| 3 Month Average | -4.150 % | £-3,403 | £78,596 |
| 6 Month Average | 0.063 % | £51 | £82,051 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jul 2023 | £149,005 | £147,000 | 135 STAMFORDHAM ROAD |
| 14 Jun 2023 | £71,871 | £71,000 | 30 BAVINGTON DRIVE |
| 14 Jun 2023 | £83,005 | £82,000 | 34 BAVINGTON DRIVE |
| 14 Oct 2022 | £128,615 | £130,000 | 43 - 45 STAMFORDHAM ROAD |
| 4 May 2022 | £81,027 | £79,500 | 44 BAVINGTON DRIVE |
This house has a floor area of 71 sq meters or 765 sq feet when measured on 23 Mar 2012. Using an estimated price of £83,005 means this house is valued at £1,167 per sq meter (£108 per sq foot).
The average size of a house on BAVINGTON DRIVE is 71 sq meters (766 sq feet).