£314,540
This estimated value is based upon the latest sale price for the house of £251,000 on 25 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £251,000 | 25 Jun 2018 |
| £134,000 | 27 Jun 2005 |
| £172,000 | 28 Nov 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 117 sq meters or 1,259 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 June 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £251,000 results in an estimated price of approximately £314,540.
| 25 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £251,000 | £63,540 | £314,540 |
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 | 55.289 % | £138,776 | £389,776 |
| 3 Month Average | 41.150 % | £103,285 | £354,285 |
| 6 Month Average | 22.066 % | £55,385 | £306,385 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £420,460 | £414,000 | 64 OSBORNE AVENUE |
| 19 Dec 2023 | £567,436 | £550,000 | 24 WELLBURN PARK |
| 31 Oct 2023 | £209,764 | £205,000 | 19 SHORTRIDGE TERRACE |
| 23 Oct 2023 | £388,831 | £380,000 | 17 BUSTON TERRACE |
| 21 Aug 2023 | £224,805 | £220,750 | 63 SHORTRIDGE TERRACE |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 19 Nov 2018. Using an estimated price of £314,541 means this house is valued at £2,688 per sq meter (£249 per sq foot).
The average size of a house on SHORTRIDGE TERRACE is 90 sq meters (974 sq feet).