£89,242
This estimated value is based upon the latest sale price for the house of £70,000 on 26 Jul 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 |
---|---|
£70,000 | 26 Jul 2017 |
Flats/Maisonettes |
Leasehold |
Floor Area: 29 sq meters or 312 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 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £70,000 results in an estimated price of approximately £89,242.
26 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.6 | 148.6 | 27.489 % | £70,000 | £19,242 | £89,242 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 106.293 % | £74,405 | £144,405 |
3 Month Average | 16.049 % | £11,234 | £81,234 |
6 Month Average | 21.942 % | £15,359 | £85,359 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Mar 2023 | £70,262 | £69,600 | 242 SHIELDS ROAD |
10 Mar 2023 | £166,569 | £165,000 | 200 - 202 SHIELDS ROAD |
5 Apr 2022 | £107,099 | £104,000 | 184 - 186 SHIELDS ROAD |
18 Feb 2022 | £81,274 | £77,500 | 13 BELVEDERE COURT |
4 Feb 2022 | £62,922 | £60,000 | 12 ST MARKS CLOSE |
This house has a floor area of 29 sq meters or 312 sq feet when measured on 4 Oct 2017. Using an estimated price of £89,242 means this house is valued at £3,077 per sq meter (£285 per sq foot).
The average size of a house on HEATON ROAD is 112 sq meters (1,209 sq feet).