£806,230
This estimated value is based upon the latest sale price for the house of £810,000 on 4 Nov 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £810,000 | 4 Nov 2022 |
| £650,000 | 2 Aug 2018 |
| £187,000 | 19 Feb 1999 |
| Terraced |
| Freehold |
| Floor Area: 260 sq meters or 2,798 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 2022 the House Price Index for TYNE AND WEAR was 150.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.465%.Applying this -0.465% change to the original purchase price of £810,000 results in an estimated price of approximately £806,230.
| 4 Nov 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 149.7 | -0.465 % | £810,000 | £-3,769 | £806,230 |
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 | 69.640 % | £564,084 | £1,374,084 |
| 3 Month Average | -2.544 % | £-20,606 | £789,393 |
| 6 Month Average | -5.698 % | £-46,157 | £763,842 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Oct 2023 | £274,228 | £268,000 | GROUND FLOOR FLAT 92 ST GEORGES TERRACE |
| 13 Oct 2023 | £298,786 | £292,000 | FLAT 2 30 SANDERSON ROAD |
| 4 Aug 2023 | £269,867 | £265,000 | 53A SANDERSON ROAD |
| 4 Aug 2023 | £269,867 | £265,000 | 53 SANDERSON ROAD |
| 16 Jun 2023 | £163,272 | £160,000 | FLAT 5 78 ST GEORGES TERRACE |
This house has a floor area of 260 sq meters or 2,798 sq feet when measured on 23 Feb 2018. Using an estimated price of £806,230 means this house is valued at £3,100 per sq meter (£288 per sq foot).
The average size of a house on SANDERSON ROAD is 172 sq meters (1,858 sq feet).