£273,034
This estimated value is based upon the latest sale price for the house of £220,000 on 15 Dec 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £220,000 | 15 Dec 2017 |
| £165,000 | 29 Sep 2008 |
| £58,500 | 13 Jul 2001 |
| Terraced |
| Freehold |
| Floor Area: 249 sq meters or 2,680 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 December 2017 the House Price Index for TYNE AND WEAR was 118.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 24.107%.Applying this 24.107% change to the original purchase price of £220,000 results in an estimated price of approximately £273,034.
| 15 Dec 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 146.7 | 24.107 % | £220,000 | £53,034 | £273,034 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -0.549 % | £-1,207 | £218,792 |
| 3 Month Average | 14.068 % | £30,949 | £250,949 |
| 6 Month Average | 18.825 % | £41,414 | £261,414 |
This house has a floor area of 249 sq meters or 2,680 sq feet when measured on 3 Aug 2016.
The average size of a house on PRUDHOE TERRACE is 174 sq meters (1,878 sq feet).
This house is the largest in the street with a floor area of 249 sq meters (2,680 sq feet).