£311,697
This estimated value is based upon the latest sale price for the house of £259,950 on 28 Aug 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£259,950 | 28 Aug 2020 |
£216,500 | 3 Nov 2006 |
£75,500 | 2 Sep 1998 |
£69,950 | 30 Jun 1997 |
Terraced |
Freehold |
Floor Area: 134 sq meters or 1,451 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 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £259,950 results in an estimated price of approximately £311,697.
28 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.9 | 148.6 | 19.907 % | £259,950 | £51,747 | £311,697 |
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 | -9.115 % | £-23,695 | £236,254 |
3 Month Average | -13.689 % | £-35,584 | £224,365 |
6 Month Average | 5.220 % | £13,569 | £273,519 |
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 134 sq meters or 1,451 sq feet when measured on 15 Mar 2012. Using an estimated price of £311,697 means this house is valued at £2,311 per sq meter (£214 per sq foot).
The average size of a house on TOSSON TERRACE is 81 sq meters (877 sq feet).