£99,562
This estimated value is based upon the latest sale price for the house of £80,000 on 22 Mar 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 22 Mar 2019 |
| £89,950 | 22 Feb 2008 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 84 sq meters or 904 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 March 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.453%.Applying this 24.453% change to the original purchase price of £80,000 results in an estimated price of approximately £99,562.
| 22 Mar 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.453 % | £80,000 | £19,562 | £99,562 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -9.507 % | £-7,605 | £72,394 |
| 3 Month Average | 9.812 % | £7,849 | £87,849 |
| 6 Month Average | 7.146 % | £5,716 | £85,716 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2024 | £93,000 | £93,000 | 22 MILLBECK GARDENS |
| 27 Nov 2023 | £121,073 | £118,000 | 36 PICKERING GREEN |
| 27 Oct 2023 | £86,975 | £85,000 | 8 HELMSLEY GREEN |
| 9 Oct 2023 | £158,602 | £155,000 | 6 MOSS SIDE |
| 10 Mar 2023 | £121,987 | £119,950 | 15 HAREWOOD GREEN |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 24 Sep 2017. Using an estimated price of £99,563 means this house is valued at £1,185 per sq meter (£110 per sq foot).
The average size of a house on MILLBECK GARDENS is 88 sq meters (949 sq feet).