£237,444
This estimated value is based upon the latest sale price for the house of £96,000 on 17 Jan 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£96,000 | 17 Jan 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 51 sq meters or 548 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 January 2003 the House Price Index for TYNE AND WEAR was 60.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 147.338%.Applying this 147.338% change to the original purchase price of £96,000 results in an estimated price of approximately £237,444.
17 Jan 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
60.1 | 148.6 | 147.338 % | £96,000 | £141,444 | £237,444 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | 416.529 % | £399,867 | £495,867 |
3 Month Average | 50.369 % | £48,353 | £144,353 |
6 Month Average | 34.955 % | £33,556 | £129,556 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jul 2023 | £136,842 | £135,000 | 12 CHARLOTTE MEWS |
3 Jul 2023 | £108,460 | £107,000 | 19 CHARLOTTE MEWS |
28 Feb 2023 | £104,430 | £104,500 | 17 CHARLOTTE MEWS |
1 Sep 2022 | £109,119 | £110,000 | 6 TAYLORS COURT, 1 MONK STREET |
28 Jul 2022 | £92,248 | £92,000 | 2 CHARLOTTE MEWS |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 13 Dec 2021. Using an estimated price of £237,445 means this house is valued at £4,655 per sq meter (£432 per sq foot).
The average size of a house on MONK STREET is 74 sq meters (804 sq feet).