£239,798
This estimated value is based upon the latest sale price for the house of £223,500 on 4 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £223,500 | 4 Jun 2021 |
| £206,000 | 16 Feb 2015 |
| Terraced |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £223,500 results in an estimated price of approximately £239,798.
| 4 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £223,500 | £16,298 | £239,798 |
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 | -6.382 % | £-14,263 | £209,236 |
| 3 Month Average | -2.532 % | £-5,659 | £217,840 |
| 6 Month Average | 1.041 % | £2,325 | £225,825 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £208,081 | £205,000 | 41 ASHDALE CRESCENT |
| 27 Jan 2023 | £223,173 | £224,224 | 1 HILLHEAD ROAD |
| 11 Jul 2022 | £186,502 | £186,000 | 14 ABBOTSIDE PLACE |
| 28 Jun 2022 | £182,580 | £180,000 | 22 HILLHEAD ROAD |
| 17 Jun 2022 | £154,686 | £152,500 | 88 WESTERN AVENUE |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 27 Jun 2014. Using an estimated price of £239,799 means this house is valued at £1,858 per sq meter (£172 per sq foot).
The average size of a house on CHAPEL HOUSE DRIVE is 87 sq meters (944 sq feet).