£284,436
This estimated value is based upon the latest sale price for the house of £230,000 on 12 Apr 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 |
|---|---|
| £230,000 | 12 Apr 2019 |
| £190,000 | 8 Sep 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 133 sq meters or 1,437 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 April 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.668%.Applying this 23.668% change to the original purchase price of £230,000 results in an estimated price of approximately £284,436.
| 12 Apr 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.668 % | £230,000 | £54,436 | £284,436 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 10.229 % | £23,527 | £253,527 |
| 3 Month Average | 15.603 % | £35,887 | £265,887 |
| 6 Month Average | 13.469 % | £30,978 | £260,978 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £131,147 | £130,000 | 33 MIDDLEWOOD PARK |
| 24 Apr 2023 | £141,524 | £140,000 | 18 MIDDLEWOOD PARK |
| 31 Mar 2023 | £78,742 | £78,000 | 43 MIDDLEWOOD PARK |
| 27 May 2022 | £118,228 | £116,000 | 53 MIDDLEWOOD PARK |
| 9 May 2022 | £170,207 | £167,000 | 32 MIDDLEWOOD PARK |
This house has a floor area of 133 sq meters or 1,437 sq feet when measured on 17 Jun 2011. Using an estimated price of £284,436 means this house is valued at £2,129 per sq meter (£197 per sq foot).
The average size of a house on BOLBEC ROAD is 133 sq meters (1,442 sq feet).