£119,309
This estimated value is based upon the latest sale price for the house of £94,950 on 31 May 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£94,950 | 31 May 2018 |
£94,950 | 12 Jul 2013 |
£77,000 | 11 Feb 2004 |
Flats/Maisonettes |
Leasehold |
Floor Area: 56 sq meters or 604 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 May 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £94,950 results in an estimated price of approximately £119,309.
31 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.1 | 149.7 | 25.655 % | £94,950 | £24,359 | £119,309 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | -12.388 % | £-11,762 | £83,187 |
3 Month Average | 15.812 % | £15,013 | £109,963 |
6 Month Average | 26.621 % | £25,276 | £120,226 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Sep 2023 | £357,889 | £350,000 | 26 OUSEBURN WHARF ST LAWRENCE ROAD |
31 Jan 2023 | £190,509 | £190,000 | 25 OUSEBURN WHARF ST LAWRENCE ROAD |
1 Nov 2022 | £243,860 | £245,000 | 54 OUSEBURN WHARF ST LAWRENCE ROAD |
27 May 2022 | £177,114 | £172,500 | 61 OUSEBURN WHARF ST LAWRENCE ROAD |
6 Dec 2021 | £142,469 | £132,000 | 30 OUSEBURN WHARF ST LAWRENCE ROAD |
This house has a floor area of 56 sq meters or 604 sq feet when measured on 24 Sep 2009. Using an estimated price of £119,310 means this house is valued at £2,124 per sq meter (£197 per sq foot).
The average size of a house on WALKER ROAD is 68 sq meters (739 sq feet).