£259,693
This estimated value is based upon the latest sale price for the house of £139,500 on 18 Mar 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£139,500 | 18 Mar 2005 |
£49,500 | 8 Jun 1999 |
£45,950 | 10 Oct 1997 |
Flats/Maisonettes |
Freehold |
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 March 2005 the House Price Index for TYNE AND WEAR was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.160%.Applying this 86.160% change to the original purchase price of £139,500 results in an estimated price of approximately £259,693.
18 Mar 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
79.8 | 148.6 | 86.160 % | £139,500 | £120,193 | £259,693 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 68.234 % | £95,186 | £234,686 |
3 Month Average | 40.456 % | £56,436 | £195,936 |
6 Month Average | 49.996 % | £69,744 | £209,244 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Sep 2023 | £270,458 | £267,000 | 12 SHIPLEY ROAD |
28 Jul 2023 | £522,026 | £515,000 | 15 HORSLEY TERRACE |
7 Jul 2023 | £212,534 | £209,674 | 31 BIRTLEY AVENUE |
3 Jul 2023 | £217,933 | £215,000 | 14 HULNE AVENUE |
11 Nov 2022 | £158,085 | £160,000 | 29 HULNE AVENUE |