£75,302
This estimated value is based upon the latest sale price for the house of £60,000 on 8 Jan 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£60,000 | 8 Jan 2018 |
£65,000 | 29 Jun 2011 |
Terraced |
Freehold |
Floor Area: 65 sq meters or 705 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 2018 the House Price Index for TYNE AND WEAR was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £60,000 results in an estimated price of approximately £75,302.
8 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.4 | 148.6 | 25.504 % | £60,000 | £15,302 | £75,302 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 36.886 % | £22,131 | £82,131 |
3 Month Average | 17.553 % | £10,531 | £70,531 |
6 Month Average | 11.515 % | £6,909 | £66,909 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £81,934 | £80,500 | 8 FENTON TERRACE |
1 Dec 2023 | £54,962 | £54,000 | 54 FENTON TERRACE |
20 Sep 2023 | £91,166 | £90,000 | 59 LANTON STREET |
31 Jul 2023 | £53,216 | £52,500 | 26 RAILWAY TERRACE NORTH |
14 Jun 2023 | £68,834 | £68,000 | 25 LANGLEY STREET |
This house has a floor area of 65 sq meters or 705 sq feet when measured on 5 Oct 2009. Using an estimated price of £75,302 means this house is valued at £1,149 per sq meter (£106 per sq foot).
The average size of a house on FENTON TERRACE is 87 sq meters (944 sq feet).
This house is the smallest in the street with a floor area of 65 sq meters (705 sq feet).