£336,400
This estimated value is based upon the latest sale price for the house of £207,500 on 27 Jan 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £207,500 | 27 Jan 2007 |
| Terraced |
| Freehold |
| Floor Area: 50 sq meters or 538 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 January 2007 the House Price Index for TYNE AND WEAR was 90.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 62.121%.Applying this 62.121% change to the original purchase price of £207,500 results in an estimated price of approximately £336,400.
| 27 Jan 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.5 | 146.7 | 62.121 % | £207,500 | £128,900 | £336,400 |
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 | 16.940 % | £35,151 | £242,651 |
| 3 Month Average | -0.898 % | £-1,862 | £205,637 |
| 6 Month Average | 20.006 % | £41,512 | £249,012 |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 6 Jun 2018.
The average size of a house on CAVENDISH ROAD is 86 sq meters (933 sq feet).
This house is the smallest in the street with a floor area of 50 sq meters (538 sq feet).