£513,946
This estimated value is based upon the latest sale price for the house of £282,000 on 17 Oct 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £282,000 | 17 Oct 2005 |
| Terraced |
| Freehold |
| Floor Area: 168 sq meters or 1,808 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 October 2005 the House Price Index for TYNE AND WEAR was 81.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.250%.Applying this 82.250% change to the original purchase price of £282,000 results in an estimated price of approximately £513,946.
| 17 Oct 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 148.6 | 82.250 % | £282,000 | £231,946 | £513,946 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 52.235 % | £147,302 | £429,302 |
| 3 Month Average | 48.760 % | £137,502 | £419,502 |
| 6 Month Average | 36.956 % | £104,216 | £386,216 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2023 | £227,449 | £225,000 | 85 TAVISTOCK ROAD |
| 6 Jan 2023 | £696,718 | £700,000 | 184 OSBORNE ROAD |
| 16 Sep 2022 | £218,238 | £220,000 | 36 HAZELWOOD AVENUE |
| 31 Aug 2022 | £388,953 | £390,000 | 191 OSBORNE ROAD |
| 17 Dec 2021 | £305,342 | £285,000 | 147C OSBORNE ROAD |
This house has a floor area of 168 sq meters or 1,808 sq feet when measured on 17 Jul 2018. Using an estimated price of £513,946 means this house is valued at £3,059 per sq meter (£284 per sq foot).
The average size of a house on OSBORNE ROAD is 119 sq meters (1,289 sq feet).