£428,954
This estimated value is based upon the latest sale price for the house of £250,000 on 1 Sep 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£250,000 | 1 Sep 2006 |
Detached |
Freehold |
Floor Area: 218 sq meters or 2,346 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 September 2006 the House Price Index for TYNE AND WEAR was 87.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.582%.Applying this 71.582% change to the original purchase price of £250,000 results in an estimated price of approximately £428,954.
1 Sep 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.2 | 149.7 | 71.582 % | £250,000 | £178,954 | £428,954 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 50.143 % | £125,356 | £375,356 |
3 Month Average | 32.593 % | £81,483 | £331,483 |
6 Month Average | 23.465 % | £58,662 | £308,662 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Sep 2023 | £76,691 | £75,000 | 2 THE RIVERSIDE |
4 Aug 2023 | £86,561 | £85,000 | 1 SPRINGWOOD |
10 Feb 2023 | £92,115 | £91,500 | 5 OAKWOOD |
5 Aug 2022 | £95,446 | £95,000 | 7 THE RIVERSIDE |
29 Jul 2022 | £83,335 | £82,500 | 6 THE RIVERSIDE |
This house has a floor area of 218 sq meters or 2,346 sq feet when measured on 20 Jun 2020. Using an estimated price of £428,955 means this house is valued at £1,967 per sq meter (£182 per sq foot).
The average size of a house on THE RIVERSIDE is 101 sq meters (1,087 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Anti-social behaviour | On or near The Riverside | |
May 2024 | Anti-social behaviour | On or near The Riverside | |
May 2024 | Anti-social behaviour | On or near The Riverside | |
Jul 2024 | Anti-social behaviour | On or near Yorkwood | |
May 2024 | Anti-social behaviour | On or near Yorkwood |