£124,347
This estimated value is based upon the latest sale price for the house of £37,500 on 31 Aug 2001. 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 |
|---|---|
| £37,500 | 31 Aug 2001 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 2001 the House Price Index for TYNE AND WEAR was 44.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 231.594%.Applying this 231.594% change to the original purchase price of £37,500 results in an estimated price of approximately £124,347.
| 31 Aug 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.8 | 148.6 | 231.594 % | £37,500 | £86,847 | £124,347 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 319.636 % | £119,863 | £157,363 |
| 3 Month Average | 166.705 % | £62,514 | £100,014 |
| 6 Month Average | 188.757 % | £70,784 | £108,284 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £151,943 | £150,000 | 18 GRAFTON CLOSE |
| 25 Aug 2023 | £271,626 | £269,250 | 24 HEATON GROVE |
| 14 Aug 2023 | £243,127 | £241,000 | 13 FALMOUTH ROAD |
| 4 Aug 2023 | £292,559 | £290,000 | 7 FALMOUTH ROAD |
| 25 Apr 2023 | £242,612 | £240,000 | 69 FALMOUTH ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 21 May 2018. Using an estimated price of £124,348 means this house is valued at £1,351 per sq meter (£125 per sq foot).
The average size of a house on HEATON PARK ROAD is 118 sq meters (1,278 sq feet).