£261,856
This estimated value is based upon the latest sale price for the house of £155,000 on 27 Nov 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 |
|---|---|
| £155,000 | 27 Nov 2006 |
| Terraced |
| Leasehold |
| Floor Area: 124 sq meters or 1,334 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 November 2006 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.940%.Applying this 68.940% change to the original purchase price of £155,000 results in an estimated price of approximately £261,856.
| 27 Nov 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 149.7 | 68.940 % | £155,000 | £106,856 | £261,856 |
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 | 107.225 % | £166,199 | £321,199 |
| 3 Month Average | 60.438 % | £93,678 | £248,678 |
| 6 Month Average | 41.531 % | £64,373 | £219,373 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £567,436 | £550,000 | 24 WELLBURN PARK |
| 15 Dec 2023 | £128,963 | £125,000 | UNIT 1 JESMOND BUSINESS COURT JESMOND ROAD |
| 7 Aug 2023 | £223,430 | £219,400 | 7A GRANVILLE GARDENS |
| 27 Jan 2023 | £180,482 | £180,000 | 5A GRANVILLE GARDENS |
| 23 Jan 2023 | £451,206 | £450,000 | 71 OSBORNE AVENUE |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 13 Mar 2018. Using an estimated price of £261,856 means this house is valued at £2,111 per sq meter (£196 per sq foot).
The average size of a house on JESMOND ROAD is 112 sq meters (1,215 sq feet).