£597,969
This estimated value is based upon the latest sale price for the house of £425,000 on 30 Oct 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£425,000 | 30 Oct 2015 |
Semi-Detached |
Freehold |
Floor Area: 188 sq meters or 2,030 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 October 2015 the House Price Index for TYNE AND WEAR was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £425,000 results in an estimated price of approximately £597,969.
30 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
105.6 | 148.6 | 40.699 % | £425,000 | £172,969 | £597,969 |
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 | 40.504 % | £172,141 | £597,141 |
3 Month Average | 0.071 % | £300 | £425,300 |
6 Month Average | -3.211 % | £-13,648 | £411,351 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £706,178 | £700,000 | 229 OSBORNE ROAD |
28 Jul 2023 | £426,744 | £421,000 | 253 OSBORNE ROAD |
14 Jul 2023 | £430,798 | £425,000 | 207 OSBORNE ROAD |
1 Jun 2023 | £683,277 | £675,000 | 224 OSBORNE ROAD |
2 Sep 2022 | £843,191 | £850,000 | 59 HIGHBURY |
This house has a floor area of 188 sq meters or 2,030 sq feet when measured on 6 Jul 2011. Using an estimated price of £597,970 means this house is valued at £3,169 per sq meter (£294 per sq foot).
The average size of a house on OSBORNE ROAD is 119 sq meters (1,289 sq feet).