£133,211
This estimated value is based upon the latest sale price for the house of £110,000 on 19 Jun 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 |
---|---|
£110,000 | 19 Jun 2020 |
Terraced |
Freehold |
Floor Area: 110 sq meters or 1,184 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 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £110,000 results in an estimated price of approximately £133,211.
19 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.7 | 148.6 | 21.102 % | £110,000 | £23,211 | £133,211 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | 35.925 % | £39,517 | £149,517 |
3 Month Average | -12.370 % | £-13,606 | £96,393 |
6 Month Average | 16.282 % | £17,909 | £127,909 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £274,057 | £270,000 | 19 PALMERSTON STREET |
15 Sep 2023 | £109,399 | £108,000 | 222 MARSHALL WALLIS ROAD |
31 Mar 2023 | £262,473 | £260,000 | 10 PALMERSTON STREET |
28 Feb 2023 | £59,960 | £60,000 | 167 MARSHALL WALLIS ROAD |
23 Jan 2023 | £48,770 | £49,000 | 252 MARSHALL WALLIS ROAD |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 19 Jan 2017. Using an estimated price of £133,212 means this house is valued at £1,211 per sq meter (£112 per sq foot).
The average size of a house on ALICE STREET is 90 sq meters (972 sq feet).