£84,947
This estimated value is based upon the latest sale price for the house of £61,000 on 12 Nov 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £61,000 | 12 Nov 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 2015 the House Price Index for TYNE AND WEAR was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £61,000 results in an estimated price of approximately £84,947.
| 12 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £61,000 | £23,947 | £84,947 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -31.007 % | £-18,914 | £42,085 |
| 3 Month Average | -5.918 % | £-3,610 | £57,389 |
| 6 Month Average | 22.799 % | £13,907 | £74,907 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £78,880 | £77,500 | 242 OVINGTON GROVE |
| 14 Jun 2023 | £83,005 | £82,000 | 34 BAVINGTON DRIVE |
| 14 Jun 2023 | £71,871 | £71,000 | 30 BAVINGTON DRIVE |
| 2 Mar 2023 | £108,018 | £107,000 | 264 OVINGTON GROVE |
| 10 Feb 2023 | £88,940 | £89,000 | 14 BAVINGTON DRIVE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 29 Jan 2016. Using an estimated price of £84,948 means this house is valued at £1,179 per sq meter (£109 per sq foot).
The average size of a house on ANGERTON GARDENS is 63 sq meters (678 sq feet).