£326,099
This estimated value is based upon the latest sale price for the house of £265,000 on 2 Aug 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £265,000 | 2 Aug 2019 |
| £206,000 | 29 Oct 2012 |
| £180,000 | 31 Mar 2005 |
| £66,500 | 14 Aug 1998 |
| £54,000 | 22 Sep 1995 |
| Terraced |
| Freehold |
| Floor Area: 123 sq meters or 1,326 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 2019 the House Price Index for TYNE AND WEAR was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £265,000 results in an estimated price of approximately £326,099.
| 2 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.6 | 23.056 % | £265,000 | £61,099 | £326,099 |
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 | 46.604 % | £123,500 | £388,500 |
| 3 Month Average | -4.075 % | £-10,798 | £254,201 |
| 6 Month Average | 9.059 % | £24,005 | £289,005 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £295,283 | £292,700 | 21 COQUET TERRACE |
| 18 Aug 2023 | £418,663 | £415,000 | 20 TREWHITT ROAD |
| 7 Jul 2023 | £314,229 | £310,000 | 16 WARTON TERRACE |
| 14 Apr 2023 | £309,836 | £306,500 | 12 COQUET TERRACE |
| 2 Mar 2023 | £247,330 | £245,000 | 241 CHILLINGHAM ROAD |
This house has a floor area of 123 sq meters or 1,326 sq feet when measured on 16 Mar 2012. Using an estimated price of £326,100 means this house is valued at £2,645 per sq meter (£245 per sq foot).
The average size of a house on TOSSON TERRACE is 81 sq meters (877 sq feet).