£115,272
This estimated value is based upon the latest sale price for the house of £72,500 on 21 May 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £72,500 | 21 May 2008 |
| Terraced |
| 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 May 2008 the House Price Index for TYNE AND WEAR was 93.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.996%.Applying this 58.996% change to the original purchase price of £72,500 results in an estimated price of approximately £115,272.
| 21 May 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.5 | 148.6 | 58.996 % | £72,500 | £42,772 | £115,272 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 27.126 % | £19,666 | £92,166 |
| 3 Month Average | 18.068 % | £13,099 | £85,599 |
| 6 Month Average | 23.793 % | £17,249 | £89,749 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £117,048 | £115,000 | 43 HELMSLEY DRIVE |
| 24 Nov 2023 | £101,503 | £100,000 | 82 NORTHUMBERLAND TERRACE |
| 28 Jul 2023 | £130,760 | £129,000 | 9 HELMSLEY DRIVE |
| 27 Jun 2023 | £60,736 | £60,000 | 78 NORTHUMBERLAND TERRACE |
| 12 Jun 2023 | £93,128 | £92,000 | 8 BURN TERRACE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 20 Aug 2015. Using an estimated price of £115,272 means this house is valued at £1,623 per sq meter (£150 per sq foot).
The average size of a house on HELMSLEY DRIVE is 57 sq meters (622 sq feet).