£580,437
This estimated value is based upon the latest sale price for the house of £465,000 on 16 Apr 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£465,000 | 16 Apr 2018 |
£249,950 | 31 Jan 2002 |
£120,000 | 10 Jul 1998 |
Detached |
Freehold |
Floor Area: 140 sq meters or 1,506 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 April 2018 the House Price Index for TYNE AND WEAR was 119.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.825%.Applying this 24.825% change to the original purchase price of £465,000 results in an estimated price of approximately £580,437.
16 Apr 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.0 | 148.6 | 24.825 % | £465,000 | £115,437 | £580,437 |
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 | 11.270 % | £52,404 | £517,404 |
3 Month Average | 15.325 % | £71,259 | £536,259 |
6 Month Average | 0.789 % | £3,668 | £468,668 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £152,254 | £150,000 | FLAT 29 WOODLAND MEWS REID PARK ROAD |
5 Sep 2023 | £406,194 | £401,000 | 37 GROSVENOR ROAD |
12 Apr 2023 | £90,980 | £90,000 | FLAT 17 WOODLAND MEWS REID PARK ROAD |
29 Mar 2023 | £504,755 | £500,000 | 51 QUEENS TERRACE |
6 Jan 2023 | £119,437 | £120,000 | FLAT 6 30 GROSVENOR ROAD |
This house has a floor area of 140 sq meters or 1,506 sq feet when measured on 6 Sep 2016. Using an estimated price of £580,437 means this house is valued at £4,145 per sq meter (£385 per sq foot).
The average size of a house on REID PARK COURT is 191 sq meters (2,055 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Queen'S Terrace | |
Mar 2024 | Anti-social behaviour | On or near Queen'S Terrace | |
Mar 2024 | Anti-social behaviour | On or near Queen'S Terrace | |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Queen'S Terrace |
Mar 2024 | Anti-social behaviour | On or near Queen'S Terrace |