£2,227,509
This estimated value is based upon the latest sale price for the house of £1,731,042 on 2 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 |
|---|---|
| £1,731,042 | 2 May 2017 |
| Freehold |
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 £1,731,042 results in an estimated price of approximately £2,227,509.
| 2 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £1,731,042 | £496,467 | £2,227,509 |
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 | -35.615 % | £-616,511 | £1,114,530 |
| 3 Month Average | -15.329 % | £-265,345 | £1,465,696 |
| 6 Month Average | 0.447 % | £7,736 | £1,738,778 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £267,339 | £265,000 | 53A SANDERSON ROAD |
| 20 Mar 2023 | £747,038 | £740,000 | 8 SANDERSON ROAD |
| 28 Feb 2023 | £769,482 | £770,000 | 19 SANDERSON ROAD |
| 4 Nov 2022 | £800,306 | £810,000 | 33 SANDERSON ROAD |
| 30 Sep 2022 | £228,158 | £230,000 | 15A SANDERSON ROAD |