£131,705
This estimated value is based upon the latest sale price for the house of £91,500 on 31 Jul 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £91,500 | 31 Jul 2015 |
| £87,000 | 10 Aug 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 July 2015 the House Price Index for TYNE AND WEAR was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £91,500 results in an estimated price of approximately £131,705.
| 31 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £91,500 | £40,205 | £131,705 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 28.008 % | £25,627 | £117,127 |
| 3 Month Average | 2.230 % | £2,040 | £93,540 |
| 6 Month Average | 8.464 % | £7,744 | £99,244 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £200,564 | £198,000 | BELLOC HOUSE DALLA STREET |
| 25 Aug 2023 | £110,971 | £110,000 | 28 CLAXHEUGH ROAD |
| 15 Jul 2022 | £265,715 | £265,000 | 24 MALING PARK |
| 18 May 2022 | £86,632 | £85,000 | 2 CLAXHEUGH ROAD |
| 14 Apr 2022 | £177,125 | £172,000 | 70 CLAXHEUGH ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 6 Jun 2013. Using an estimated price of £131,706 means this house is valued at £1,756 per sq meter (£163 per sq foot).
The average size of a house on WEAR VIEW is 110 sq meters (1,191 sq feet).
This house is the smallest in the street with a floor area of 75 sq meters (807 sq feet).