£251,773
This estimated value is based upon the latest sale price for the house of £235,000 on 15 Dec 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£235,000 | 15 Dec 2021 |
£183,000 | 11 Jul 2018 |
Terraced |
Freehold |
Floor Area: 60 sq meters or 645 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 December 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £235,000 results in an estimated price of approximately £251,773.
15 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 148.6 | 7.138 % | £235,000 | £16,773 | £251,773 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -34.230 % | £-80,439 | £154,560 |
3 Month Average | 11.003 % | £25,855 | £260,855 |
6 Month Average | 7.080 % | £16,637 | £251,637 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Mar 2023 | £252,378 | £250,000 | 37 - 39 NORFOLK STREET |
10 Feb 2023 | £294,802 | £295,000 | 24 NORTHUMBERLAND SQUARE |
24 Jan 2023 | £131,381 | £132,000 | 117 STEPHENSON STREET |
26 Aug 2022 | £177,522 | £178,000 | 117C NORFOLK STREET |
6 Jul 2022 | £113,305 | £113,000 | 121 STEPHENSON STREET |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 16 Jun 2016. Using an estimated price of £251,774 means this house is valued at £4,196 per sq meter (£389 per sq foot).
The average size of a house on CLEEHILL DRIVE is 99 sq meters (1,068 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (645 sq feet).