£70,384
This estimated value is based upon the latest sale price for the house of £60,000 on 30 Oct 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 |
|---|---|
| £60,000 | 30 Oct 2020 |
| Terraced |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £60,000 results in an estimated price of approximately £70,384.
| 30 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £60,000 | £10,384 | £70,384 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 107.322 % | £64,392 | £124,392 |
| 3 Month Average | 16.722 % | £10,033 | £70,033 |
| 6 Month Average | 24.090 % | £14,454 | £74,454 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £54,699 | £54,000 | 232 ELLESMERE ROAD |
| 16 Jun 2023 | £60,736 | £60,000 | 153 LADYKIRK ROAD |
| 9 Jun 2023 | £77,944 | £77,000 | 235 ELLESMERE ROAD |
| 7 Feb 2023 | £84,943 | £85,000 | 163 HAMPSTEAD ROAD |
| 24 Jun 2022 | £46,659 | £46,000 | 238 ELLESMERE ROAD |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 22 Sep 2020. Using an estimated price of £70,385 means this house is valued at £670 per sq meter (£62 per sq foot).
The average size of a house on ELLESMERE ROAD is 73 sq meters (795 sq feet).