£26,221
This estimated value is based upon the latest sale price for the house of £8,000 on 18 Sep 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £8,000 | 18 Sep 2001 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 September 2001 the House Price Index for TYNE AND WEAR was 45.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 227.771%.Applying this 227.771% change to the original purchase price of £8,000 results in an estimated price of approximately £26,221.
| 18 Sep 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.3 | 148.6 | 227.771 % | £8,000 | £18,221 | £26,221 |
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 | 263.416 % | £21,073 | £29,073 |
| 3 Month Average | 271.279 % | £21,702 | £29,702 |
| 6 Month Average | 297.633 % | £23,810 | £31,810 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £91,861 | £90,501 | 15 COVENTRY GARDENS |
| 17 Nov 2023 | £138,044 | £136,000 | 14 AXBRIDGE GARDENS |
| 25 Apr 2023 | £37,403 | £37,000 | 17 BRANCEPETH AVENUE |
| 21 Apr 2023 | £70,762 | £70,000 | 49 BRANCEPETH AVENUE |
| 1 Jul 2022 | £105,283 | £105,000 | 113 ST JOHNS ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 2 Sep 2021. Using an estimated price of £26,222 means this house is valued at £391 per sq meter (£36 per sq foot).
The average size of a house on AXBRIDGE GARDENS is 69 sq meters (750 sq feet).