£154,352
This estimated value is based upon the latest sale price for the house of £119,950 on 4 May 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £119,950 | 4 May 2017 |
| £52,000 | 23 Aug 2004 |
| £25,000 | 31 May 2002 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 May 2017 the House Price Index for TYNE AND WEAR was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £119,950 results in an estimated price of approximately £154,352.
| 4 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £119,950 | £34,402 | £154,352 |
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 | -19.188 % | £-23,016 | £96,933 |
| 3 Month Average | 12.040 % | £14,442 | £134,392 |
| 6 Month Average | 6.524 % | £7,825 | £127,775 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £80,981 | £80,000 | 180A CLAREWOOD COURT STANHOPE STREET |
| 17 Apr 2023 | £136,469 | £135,000 | 6 EDWARD PLACE |
| 6 Apr 2023 | £178,927 | £177,000 | 15 TINDAL CLOSE |
| 6 May 2022 | £45,864 | £45,000 | 9 PROSPECT COURT |
| 25 Apr 2022 | £156,529 | £152,000 | 15 EDWARD PLACE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 1 Nov 2016. Using an estimated price of £154,352 means this house is valued at £1,815 per sq meter (£168 per sq foot).
The average size of a house on VALLUM WAY is 116 sq meters (1,253 sq feet).
This house is the smallest in the street with a floor area of 85 sq meters (914 sq feet).