£159,585
This estimated value is based upon the latest sale price for the house of £130,000 on 3 Apr 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 3 Apr 2020 |
| £127,000 | 5 Jan 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 April 2020 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £130,000 results in an estimated price of approximately £159,585.
| 3 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.758 % | £130,000 | £29,585 | £159,585 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | -52.662 % | £-68,459 | £61,540 |
| 3 Month Average | -4.558 % | £-5,924 | £124,075 |
| 6 Month Average | 15.408 % | £20,030 | £150,030 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £102,518 | £101,000 | 45 GEORGE SCOTT STREET |
| 29 Sep 2023 | £167,137 | £165,000 | 41 HENRY NELSON STREET |
| 29 Sep 2023 | £113,957 | £112,500 | 12A LAWE ROAD |
| 29 Sep 2023 | £75,971 | £75,000 | 38 HENRY NELSON STREET |
| 7 Sep 2023 | £222,849 | £220,000 | 24 - 26 GEORGE SCOTT STREET |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 10 Mar 2015. Using an estimated price of £159,585 means this house is valued at £2,247 per sq meter (£208 per sq foot).
The average size of a house on LAWE ROAD is 158 sq meters (1,703 sq feet).