£83,287
This estimated value is based upon the latest sale price for the house of £55,000 on 7 Aug 2014. 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 |
|---|---|
| £55,000 | 7 Aug 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 August 2014 the House Price Index for TYNE AND WEAR was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £55,000 results in an estimated price of approximately £83,287.
| 7 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £55,000 | £28,287 | £83,287 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 16.529 % | £9,091 | £64,091 |
| 3 Month Average | -4.915 % | £-2,703 | £52,296 |
| 6 Month Average | 4.593 % | £2,526 | £57,526 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £233,138 | £230,000 | 60 WHITEHALL ROAD |
| 30 Jan 2023 | £149,297 | £150,000 | 10 LINCOLN STREET |
| 24 Oct 2022 | £59,361 | £60,000 | 19 RIPON STREET |
| 14 Jul 2022 | £115,310 | £115,000 | 39 LINCOLN STREET |
| 25 Mar 2022 | £103,626 | £100,000 | 19 LINCOLN STREET |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 14 Mar 2019. Using an estimated price of £83,287 means this house is valued at £1,301 per sq meter (£120 per sq foot).
The average size of a house on RIPON STREET is 70 sq meters (756 sq feet).