£850,947
This estimated value is based upon the latest sale price for the house of £380,000 on 30 Oct 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £380,000 | 30 Oct 2003 |
| Terraced |
| Freehold |
| Floor Area: 225 sq meters or 2,421 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 2003 the House Price Index for TYNE AND WEAR was 66.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 123.933%.Applying this 123.933% change to the original purchase price of £380,000 results in an estimated price of approximately £850,947.
| 30 Oct 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 148.6 | 123.933 % | £380,000 | £470,947 | £850,947 |
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 | 66.823 % | £253,928 | £633,928 |
| 3 Month Average | 51.475 % | £195,606 | £575,606 |
| 6 Month Average | 47.606 % | £180,902 | £560,902 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £343,001 | £340,000 | 61 ST GEORGES TERRACE |
| 4 Aug 2023 | £267,339 | £265,000 | 53A SANDERSON ROAD |
| 16 Jun 2023 | £161,962 | £160,000 | FLAT 5 78 ST GEORGES TERRACE |
| 3 Apr 2023 | £241,096 | £238,500 | 94C ST GEORGES TERRACE |
| 24 Mar 2023 | £287,711 | £285,000 | 96B ST GEORGES TERRACE |
This house has a floor area of 225 sq meters or 2,421 sq feet when measured on 29 Mar 2018. Using an estimated price of £850,947 means this house is valued at £3,781 per sq meter (£351 per sq foot).
The average size of a house on SANDERSON ROAD is 172 sq meters (1,858 sq feet).