£344,208
This estimated value is based upon the latest sale price for the house of £338,000 on 18 Aug 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£338,000 | 18 Aug 2023 |
£65,000 | 12 May 2000 |
Terraced |
Freehold |
Floor Area: 127 sq meters or 1,367 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 August 2023 the House Price Index for TYNE AND WEAR was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £338,000 results in an estimated price of approximately £344,208.
18 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.0 | 149.7 | 1.837 % | £338,000 | £6,208 | £344,208 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -63.562 % | £-214,838 | £123,161 |
3 Month Average | -11.814 % | £-39,930 | £298,069 |
6 Month Average | -4.902 % | £-16,568 | £321,431 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £403,904 | £395,000 | 2 ST PAULS GARDENS |
18 Aug 2023 | £344,208 | £338,000 | 3 STUDLEY GARDENS |
24 Jun 2022 | £372,973 | £365,000 | 7 MARDEN ROAD SOUTH |
24 May 2022 | £351,661 | £342,500 | 26 MARDEN ROAD SOUTH |
31 Mar 2022 | £386,255 | £370,000 | 1 PLESSEY CRESCENT |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 8 Apr 2016. Using an estimated price of £344,208 means this house is valued at £2,710 per sq meter (£251 per sq foot).
The average size of a house on STUDLEY GARDENS is 125 sq meters (1,352 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Percy Gardens | |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Percy Gardens |
Jun 2024 | Anti-social behaviour | On or near Studley Gardens | |
Jun 2024 | Anti-social behaviour | On or near Studley Gardens | |
May 2024 | Public order | Investigation complete; no suspect identified | On or near Studley Gardens |