£127,805
This estimated value is based upon the latest sale price for the house of £125,500 on 25 Aug 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£125,500 | 25 Aug 2023 |
£201,000 | 28 Mar 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 63 sq meters or 678 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 August 2023 the House Price Index for TYNE AND WEAR was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £125,500 results in an estimated price of approximately £127,805.
25 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.0 | 149.7 | 1.837 % | £125,500 | £2,305 | £127,805 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | 32.408 % | £40,671 | £166,171 |
3 Month Average | 29.379 % | £36,870 | £162,370 |
6 Month Average | -5.082 % | £-6,377 | £119,122 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2024 | £151,314 | £150,000 | APARTMENT 6 MILL HOUSE HANOVER STREET |
1 Sep 2023 | £138,043 | £135,000 | APARTMENT 20 HANOVER MILL HANOVER STREET |
25 Aug 2023 | £127,805 | £125,500 | APARTMENT 33 HANOVER MILL HANOVER STREET |
2 Jun 2023 | £73,472 | £72,000 | APARTMENT 5 HANOVER MILL HANOVER STREET |
12 Jan 2023 | £127,090 | £126,750 | APARTMENT 5 MILL HOUSE HANOVER STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 9 Jul 2020. Using an estimated price of £127,805 means this house is valued at £2,028 per sq meter (£188 per sq foot).
The average size of a house on HANOVER STREET is 67 sq meters (722 sq feet).