£480,308
This estimated value is based upon the latest sale price for the house of £280,000 on 24 Jan 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £280,000 | 24 Jan 2011 |
| £165,000 | 15 Aug 2001 |
| £135,000 | 23 Jun 1999 |
| £91,500 | 27 Sep 1996 |
| Terraced |
| Freehold |
| Floor Area: 141 sq meters or 1,517 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 January 2011 the House Price Index for TYNE AND WEAR was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.539%.Applying this 71.539% change to the original purchase price of £280,000 results in an estimated price of approximately £480,308.
| 24 Jan 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.539 % | £280,000 | £200,308 | £480,308 |
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 | 42.710 % | £119,587 | £399,587 |
| 3 Month Average | 10.922 % | £30,581 | £310,581 |
| 6 Month Average | 16.360 % | £45,807 | £325,807 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £273,497 | £270,000 | 22 MYRTLE GROVE |
| 22 Jun 2023 | £237,881 | £235,000 | 13 MYRTLE GROVE |
| 15 Feb 2022 | £283,148 | £270,000 | 45 MYRTLE GROVE |
| 15 Feb 2022 | £185,619 | £177,000 | 56 MYRTLE GROVE |
| 17 Dec 2021 | £3,590,410 | £3,351,210 | 54 MYRTLE GROVE |
This house has a floor area of 141 sq meters or 1,517 sq feet when measured on 3 Aug 2019. Using an estimated price of £480,308 means this house is valued at £3,406 per sq meter (£316 per sq foot).
The average size of a house on LYNDHURST AVENUE is 153 sq meters (1,656 sq feet).