£114,827
This estimated value is based upon the latest sale price for the house of £67,500 on 29 Oct 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£67,500 | 29 Oct 2010 |
Terraced |
Freehold |
Floor Area: 60 sq meters or 645 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 2010 the House Price Index for TYNE AND WEAR was 87.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.115%.Applying this 70.115% change to the original purchase price of £67,500 results in an estimated price of approximately £114,827.
29 Oct 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.4 | 148.6 | 70.115 % | £67,500 | £47,327 | £114,827 |
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 | 27.869 % | £18,811 | £86,311 |
3 Month Average | 20.036 % | £13,524 | £81,024 |
6 Month Average | 25.575 % | £17,262 | £84,762 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £126,625 | £124,750 | 96 SAVORY ROAD |
4 Aug 2023 | £110,971 | £110,000 | 5 OCTAVIA COURT |
31 Mar 2023 | £65,618 | £65,000 | 5 STANWIX ENGINE INN ROAD |
27 Jan 2023 | £63,700 | £64,000 | 4 STANWIX ENGINE INN ROAD |
4 Oct 2022 | £49,665 | £50,200 | 2 CARVORAN RYTON GARDENS |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 18 Mar 2020. Using an estimated price of £114,828 means this house is valued at £1,913 per sq meter (£177 per sq foot).
The average size of a house on OCTAVIA COURT is 67 sq meters (723 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Octavia Court | |
Feb 2024 | Anti-social behaviour | On or near Octavia Court | |
Feb 2024 | Anti-social behaviour | On or near Octavia Court | |
Jan 2024 | Anti-social behaviour | On or near Octavia Court | |
Jan 2024 | Anti-social behaviour | On or near Octavia Court |