£623,691
This estimated value is based upon the latest sale price for the house of £420,000 on 17 Mar 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 |
|---|---|
| £420,000 | 17 Mar 2015 |
| £155,000 | 21 Jul 1998 |
| Detached |
| Freehold |
| Floor Area: 189 sq meters or 2,034 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 March 2015 the House Price Index for TYNE AND WEAR was 100.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.498%.Applying this 48.498% change to the original purchase price of £420,000 results in an estimated price of approximately £623,691.
| 17 Mar 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 149.7 | 48.498 % | £420,000 | £203,691 | £623,691 |
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 | 96.859 % | £406,808 | £826,808 |
| 3 Month Average | 28.580 % | £120,035 | £540,035 |
| 6 Month Average | 36.036 % | £151,350 | £571,350 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £187,766 | £183,000 | FLAT D 3 LAMBTON ROAD |
| 16 Jun 2023 | £132,658 | £130,000 | FLAT C 3 LAMBTON ROAD |
| 16 Sep 2022 | £2,848,097 | £2,850,000 | 10 LAMBTON ROAD |
| 5 Sep 2022 | £1,249,166 | £1,250,000 | 2 LAMBTON ROAD |
| 24 Aug 2022 | £840,932 | £837,000 | 1A CLAYTON ROAD |
This house has a floor area of 189 sq meters or 2,034 sq feet when measured on 26 Apr 2013. Using an estimated price of £623,691 means this house is valued at £3,299 per sq meter (£306 per sq foot).
The average size of a house on BRANDLING PLACE SOUTH is 143 sq meters (1,548 sq feet).