£115,706
This estimated value is based upon the latest sale price for the house of £74,000 on 4 Dec 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£74,000 | 4 Dec 2007 |
Flats/Maisonettes |
Leasehold |
Floor Area: 69 sq meters or 742 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 December 2007 the House Price Index for TYNE AND WEAR was 95.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.360%.Applying this 56.360% change to the original purchase price of £74,000 results in an estimated price of approximately £115,706.
4 Dec 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.7 | 149.7 | 56.360 % | £74,000 | £41,706 | £115,706 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 49.833 % | £36,876 | £110,876 |
3 Month Average | 33.900 % | £25,086 | £99,086 |
6 Month Average | 14.639 % | £10,832 | £84,832 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £71,187 | £69,000 | 159 VINE STREET |
21 Apr 2023 | £95,282 | £93,500 | 100 LAUREL STREET |
22 Jul 2022 | £60,607 | £60,000 | 181 VINE STREET |
16 Jun 2022 | £81,747 | £80,000 | 156 HIGH STREET EAST |
22 Apr 2022 | £57,058 | £55,000 | 99 LAUREL STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 11 Apr 2016. Using an estimated price of £115,707 means this house is valued at £1,676 per sq meter (£155 per sq foot).
The average size of a house on LAUREL STREET is 68 sq meters (738 sq feet).