£168,224
This estimated value is based upon the latest sale price for the house of £127,000 on 17 Oct 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £127,000 | 17 Oct 2016 |
| £125,000 | 12 Dec 2008 |
| £30,700 | 14 Mar 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 October 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £127,000 results in an estimated price of approximately £168,224.
| 17 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £127,000 | £41,224 | £168,224 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 48.339 % | £61,390 | £188,390 |
| 3 Month Average | 17.339 % | £22,020 | £149,020 |
| 6 Month Average | -3.377 % | £-4,288 | £122,711 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £144,641 | £142,500 | 170 DONCASTER ROAD |
| 14 Sep 2023 | £124,087 | £122,500 | 205 SANDYFORD ROAD |
| 16 Sep 2022 | £476,155 | £480,000 | 158 DONCASTER ROAD |
| 16 Sep 2022 | £257,917 | £260,000 | 53 DONCASTER ROAD |
| 25 Feb 2022 | £138,428 | £132,000 | 174 DONCASTER ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 6 Mar 2020. Using an estimated price of £168,225 means this house is valued at £2,803 per sq meter (£260 per sq foot).
The average size of a house on KELVIN GROVE is 77 sq meters (838 sq feet).