£1,128,854
This estimated value is based upon the latest sale price for the house of £750,000 on 16 Sep 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £750,000 | 16 Sep 2014 |
| £258,000 | 2 Jul 1997 |
| £245,000 | 7 Apr 1995 |
| Terraced |
| Freehold |
| Floor Area: 346 sq meters or 3,724 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 September 2014 the House Price Index for TYNE AND WEAR was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £750,000 results in an estimated price of approximately £1,128,854.
| 16 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £750,000 | £378,854 | £1,128,854 |
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 | 99.171 % | £743,784 | £1,493,784 |
| 3 Month Average | 33.804 % | £253,528 | £1,003,528 |
| 6 Month Average | 20.349 % | £152,620 | £902,620 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2022 | £834,753 | £837,000 | 1A CLAYTON ROAD |
| 29 Oct 2021 | £420,462 | £380,000 | FLAT 2, 14 BURDON TERRACE |
| 30 Sep 2021 | £280,174 | £260,000 | 6A BURDON TERRACE |
| 17 Sep 2021 | £312,502 | £290,000 | 6B BURDON TERRACE |
| 9 Jul 2021 | £1,833,603 | £1,595,457 | KIDS 1ST JESMOND BURDON TERRACE |
This house has a floor area of 346 sq meters or 3,724 sq feet when measured on 13 May 2014. Using an estimated price of £1,128,854 means this house is valued at £3,262 per sq meter (£303 per sq foot).
The average size of a house on BURDON TERRACE is 204 sq meters (2,199 sq feet).