£138,055
This estimated value is based upon the latest sale price for the house of £24,500 on 1 Jun 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£24,500 | 1 Jun 1995 |
Terraced |
Freehold |
Floor Area: 85 sq meters or 914 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 June 1995 the House Price Index for TYNE AND WEAR was 26.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 463.491%.Applying this 463.491% change to the original purchase price of £24,500 results in an estimated price of approximately £138,055.
1 Jun 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.4 | 148.6 | 463.491 % | £24,500 | £113,555 | £138,055 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | 53.953 % | £13,218 | £37,718 |
3 Month Average | 82.832 % | £20,293 | £44,793 |
6 Month Average | 132.705 % | £32,512 | £57,012 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 Jun 2023 | £126,533 | £125,000 | 51 MANDEVILLE |
31 Mar 2023 | £85,808 | £85,000 | 45 MANDEVILLE |
26 Sep 2022 | £45,632 | £46,000 | 20 NEVILLE COURT |
12 May 2022 | £46,883 | £46,000 | 6 NEVILLE COURT |
25 Feb 2022 | £47,191 | £45,000 | 10 JOHNSON TERRACE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 31 Jul 2014. Using an estimated price of £138,055 means this house is valued at £1,624 per sq meter (£150 per sq foot).
The average size of a house on MANDEVILLE is 99 sq meters (1,074 sq feet).
This house is the smallest in the street with a floor area of 85 sq meters (914 sq feet).