£43,229
This estimated value is based upon the latest sale price for the house of £31,500 on 22 Jan 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £31,500 | 22 Jan 2016 |
| £28,000 | 11 Apr 2003 |
| £5,500 | 12 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 January 2016 the House Price Index for TYNE AND WEAR was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £31,500 results in an estimated price of approximately £43,229.
| 22 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £31,500 | £11,729 | £43,229 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 15.158 % | £4,774 | £36,274 |
| 3 Month Average | -8.682 % | £-2,734 | £28,765 |
| 6 Month Average | 14.019 % | £4,415 | £35,915 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £111,425 | £110,000 | 57 STRATHMORE CRESCENT |
| 14 Oct 2022 | £61,340 | £62,000 | 148 CANNING STREET |
| 4 Mar 2022 | £102,590 | £99,000 | 95 CANNING STREET |
| 6 Jan 2022 | £48,937 | £46,500 | 180 CANNING STREET |
| 1 Dec 2021 | £66,425 | £62,000 | 81 STRATHMORE CRESCENT |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 23 Jan 2020. Using an estimated price of £43,229 means this house is valued at £592 per sq meter (£55 per sq foot).
The average size of a house on STRATHMORE CRESCENT is 82 sq meters (887 sq feet).