£242,870
This estimated value is based upon the latest sale price for the house of £178,000 on 29 Apr 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£178,000 | 29 Apr 2016 |
£58,500 | 18 Feb 2000 |
£46,500 | 9 Jan 1998 |
Terraced |
Freehold |
Floor Area: 87 sq meters or 936 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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.444%.Applying this 36.444% change to the original purchase price of £178,000 results in an estimated price of approximately £242,870.
29 Apr 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
109.7 | 149.7 | 36.444 % | £178,000 | £64,870 | £242,870 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 41.963 % | £74,693 | £252,693 |
3 Month Average | 37.773 % | £67,236 | £245,236 |
6 Month Average | 48.138 % | £85,686 | £263,686 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £272,365 | £270,000 | 77 WOODBURN DRIVE |
5 Apr 2024 | £464,463 | £460,430 | 22 ST LUCIA CLOSE |
26 Mar 2024 | £304,681 | £300,000 | 8 CAROLYN WAY |
24 Nov 2023 | £395,027 | £385,000 | 43 WOODBURN DRIVE |
30 Jun 2023 | £405,629 | £397,500 | 10 CAROLYN WAY |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 16 Dec 2021. Using an estimated price of £242,871 means this house is valued at £2,791 per sq meter (£259 per sq foot).
The average size of a house on CAROLYN WAY is 96 sq meters (1,041 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Nevis Way | |
Jun 2024 | Anti-social behaviour | On or near Nevis Way | |
Apr 2024 | Anti-social behaviour | On or near Nevis Way | |
Apr 2024 | Anti-social behaviour | On or near Nevis Way | |
Apr 2024 | Anti-social behaviour | On or near Nevis Way |