£226,992
This estimated value is based upon the latest sale price for the house of £160,000 on 25 Sep 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 |
---|---|
£160,000 | 25 Sep 2015 |
£155,000 | 25 Sep 2015 |
Semi-Detached |
Leasehold |
Floor Area: 108 sq meters or 1,162 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 September 2015 the House Price Index for TYNE AND WEAR was 104.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 41.871%.Applying this 41.871% change to the original purchase price of £160,000 results in an estimated price of approximately £226,992.
25 Sep 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
104.7 | 148.6 | 41.871 % | £160,000 | £66,992 | £226,992 |
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 | 12.802 % | £20,482 | £180,482 |
3 Month Average | 13.327 % | £21,323 | £181,323 |
6 Month Average | 19.352 % | £30,962 | £190,962 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Dec 2023 | £213,740 | £210,000 | 14 HOUSESTEADS CLOSE |
1 Dec 2023 | £80,407 | £79,000 | 32 HAYDON DRIVE |
30 Jun 2023 | £136,655 | £135,000 | 64 ARMSTRONG ROAD |
27 Jan 2023 | £270,725 | £272,000 | 50 HOUSESTEADS CLOSE |
12 Aug 2022 | £289,720 | £290,500 | 29 HOUSESTEADS CLOSE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 20 Jul 2015. Using an estimated price of £226,993 means this house is valued at £2,101 per sq meter (£195 per sq foot).
The average size of a house on HOUSESTEADS CLOSE is 108 sq meters (1,164 sq feet).