£47,429
This estimated value is based upon the latest sale price for the house of £12,000 on 15 Feb 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £12,000 | 15 Feb 2000 |
| £10,250 | 2 Sep 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 February 2000 the House Price Index for TYNE AND WEAR was 37.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 295.245%.Applying this 295.245% change to the original purchase price of £12,000 results in an estimated price of approximately £47,429.
| 15 Feb 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 37.9 | 149.7 | 295.245 % | £12,000 | £35,429 | £47,429 |
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 | 167.973 % | £20,156 | £32,156 |
| 3 Month Average | 246.759 % | £29,611 | £41,611 |
| 6 Month Average | 243.296 % | £29,195 | £41,195 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £123,804 | £120,000 | 5 SAVILLE STREET WEST |
| 1 Nov 2023 | £105,170 | £102,500 | 57 TRINITY STREET |
| 7 Jun 2023 | £119,903 | £117,500 | 6 TRINITY STREET |
| 13 Sep 2022 | £42,472 | £42,500 | 18 WILLIAM STREET WEST |
| 26 Jun 2022 | £83,740 | £81,950 | RIPPON HALL, 42 STANLEY STREET WEST |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 19 Nov 2019. Using an estimated price of £47,429 means this house is valued at £846 per sq meter (£78 per sq foot).
There is one other house on the street which we know the size of, this is 5 THEATRE PLACE it is 41.0