£42,095
This estimated value is based upon the latest sale price for the house of £39,999 on 21 Jan 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£39,999 | 21 Jan 2022 |
£62,000 | 30 Jul 2004 |
Flats/Maisonettes |
Freehold |
Floor Area: 84 sq meters or 904 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 January 2022 the House Price Index for TYNE AND WEAR was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £39,999 results in an estimated price of approximately £42,095.
21 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.2 | 148.6 | 5.241 % | £39,999 | £2,096 | £42,095 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 66.591 % | £26,635 | £66,634 |
3 Month Average | 6.949 % | £2,779 | £42,778 |
6 Month Average | 10.360 % | £4,143 | £44,142 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £66,158 | £65,000 | 91 RELTON AVENUE |
30 Nov 2023 | £62,932 | £62,000 | 24 NORBURY GROVE |
4 Sep 2023 | £55,712 | £55,000 | 27 RELTON AVENUE |
30 Aug 2023 | £49,937 | £49,500 | 139 ALLENDALE ROAD |
26 Jun 2023 | £55,168 | £54,500 | 149 ALLENDALE ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 22 Jul 2015. Using an estimated price of £42,095 means this house is valued at £501 per sq meter (£46 per sq foot).
The average size of a house on ALLENDALE ROAD is 67 sq meters (731 sq feet).