£64,233
This estimated value is based upon the latest sale price for the house of £52,000 on 1 Feb 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £52,000 | 1 Feb 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 February 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £52,000 results in an estimated price of approximately £64,233.
| 1 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £52,000 | £12,233 | £64,233 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 27.063 % | £14,072 | £66,072 |
| 3 Month Average | 5.627 % | £2,925 | £54,925 |
| 6 Month Average | 9.442 % | £4,909 | £56,909 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £228,381 | £225,000 | HOLY ROSARY PRESBYTERY HORSLEY HILL SQUARE |
| 13 Sep 2023 | £167,137 | £165,000 | 8 BYWELL AVENUE |
| 6 Mar 2023 | £171,617 | £170,000 | 126 CENTENARY AVENUE |
| 2 Sep 2022 | £158,718 | £160,000 | 30 BYWELL AVENUE |
| 11 Mar 2022 | £134,714 | £130,000 | 31 HYLTON AVENUE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 5 Apr 2018. Using an estimated price of £64,234 means this house is valued at £1,167 per sq meter (£108 per sq foot).
There is one other house on the street which we know the size of, this is 38 HORSLEY HILL SQUARE it is 56.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Horsley Hill Square |