£428,303
This estimated value is based upon the latest sale price for the house of £247,500 on 28 Apr 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £247,500 | 28 Apr 2006 |
| Detached |
| Freehold |
| Floor Area: 173 sq meters or 1,862 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 2006 the House Price Index for TYNE AND WEAR was 84.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 73.052%.Applying this 73.052% change to the original purchase price of £247,500 results in an estimated price of approximately £428,303.
| 28 Apr 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.8 | 146.7 | 73.052 % | £247,500 | £180,803 | £428,303 |
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 | 45.353 % | £112,249 | £359,749 |
| 3 Month Average | 10.320 % | £25,541 | £273,041 |
| 6 Month Average | 37.621 % | £93,112 | £340,612 |
This house has a floor area of 173 sq meters or 1,862 sq feet when measured on 26 Feb 2019.
The average size of a house on STANNINGTON AVENUE is 115 sq meters (1,245 sq feet).