£447,118
This estimated value is based upon the latest sale price for the house of £132,000 on 27 Jul 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £132,000 | 27 Jul 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 131 sq meters or 1,410 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 July 2001 the House Price Index for TYNE AND WEAR was 44.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 238.726%.Applying this 238.726% change to the original purchase price of £132,000 results in an estimated price of approximately £447,118.
| 27 Jul 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 149.7 | 238.726 % | £132,000 | £315,118 | £447,118 |
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 | 256.261 % | £338,264 | £470,264 |
| 3 Month Average | 194.540 % | £256,792 | £388,792 |
| 6 Month Average | 181.844 % | £240,034 | £372,034 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Apr 2024 | £205,641 | £203,855 | 11 MYRTLE GROVE |
| 19 Oct 2023 | £250,694 | £245,000 | 30 MYRTLE GROVE |
| 13 Sep 2023 | £276,086 | £270,000 | 22 MYRTLE GROVE |
| 22 Jun 2023 | £239,806 | £235,000 | 13 MYRTLE GROVE |
| 27 Jul 2022 | £224,297 | £222,050 | 131 BAYSWATER ROAD |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 17 May 2019. Using an estimated price of £447,118 means this house is valued at £3,413 per sq meter (£317 per sq foot).
The average size of a house on LYNDHURST AVENUE is 153 sq meters (1,656 sq feet).