£336,069
This estimated value is based upon the latest sale price for the house of £99,950 on 20 Jul 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £99,950 | 20 Jul 2001 |
| £72,000 | 20 Mar 1998 |
| £62,500 | 22 Mar 1996 |
| Flats/Maisonettes |
| Leasehold |
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 July 2001 the House Price Index for TYNE AND WEAR was 44.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 236.237%.Applying this 236.237% change to the original purchase price of £99,950 results in an estimated price of approximately £336,069.
| 20 Jul 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 148.6 | 236.237 % | £99,950 | £236,119 | £336,069 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 249.741 % | £249,616 | £349,566 |
| 3 Month Average | 169.561 % | £169,475 | £269,425 |
| 6 Month Average | 191.678 % | £191,582 | £291,532 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £2,500,000 | £2,500,000 | GALA CLUBS THE GALLERIES |
| 14 Nov 2023 | £251,726 | £247,999 | 23 ESTHWAITE |
| 10 Aug 2023 | £130,643 | £129,500 | FLAT 5 WEARDALE HOUSE WASHINGTON CENTRE |
| 25 Jul 2023 | £151,540 | £149,500 | FLAT 48 WEARDALE HOUSE WASHINGTON CENTRE |
| 30 Jun 2023 | £131,088 | £129,500 | FLAT 46 WEARDALE HOUSE WASHINGTON CENTRE |