£311,400
This estimated value is based upon the latest sale price for the house of £195,000 on 18 May 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£195,000 | 18 May 2007 |
£149,950 | 3 Nov 2006 |
£122,500 | 19 Dec 2002 |
£67,500 | 12 Feb 1999 |
Terraced |
Freehold |
Floor Area: 67 sq meters or 721 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 May 2007 the House Price Index for TYNE AND WEAR was 93.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.693%.Applying this 59.693% change to the original purchase price of £195,000 results in an estimated price of approximately £311,400.
18 May 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.1 | 148.6 | 59.693 % | £195,000 | £116,400 | £311,400 |
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 | 30.772 % | £60,005 | £255,005 |
3 Month Average | 21.892 % | £42,690 | £237,690 |
6 Month Average | 17.429 % | £33,985 | £228,985 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Aug 2023 | £226,986 | £225,000 | 15 BAYSWATER ROAD |
25 Jan 2023 | £356,322 | £358,000 | 58 BAYSWATER ROAD |
14 Apr 2022 | £216,258 | £210,000 | 31 BAYSWATER ROAD |
14 Apr 2022 | £216,258 | £210,000 | 29 BAYSWATER ROAD |
29 Mar 2022 | £341,967 | £330,000 | 18 GLENTHORN ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 21 Jan 2016. Using an estimated price of £311,401 means this house is valued at £4,647 per sq meter (£431 per sq foot).
The average size of a house on GLENTHORN ROAD is 87 sq meters (945 sq feet).