£283,359
This estimated value is based upon the latest sale price for the house of £229,950 on 22 Nov 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £229,950 | 22 Nov 2018 |
| Terraced |
| Freehold |
| Floor Area: 121 sq meters or 1,309 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 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £229,950 results in an estimated price of approximately £283,359.
| 22 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £229,950 | £53,409 | £283,359 |
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 | 92.055 % | £211,679 | £441,629 |
| 3 Month Average | 13.587 % | £31,244 | £261,194 |
| 6 Month Average | 13.226 % | £30,413 | £260,363 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £295,283 | £292,700 | 21 COQUET TERRACE |
| 18 Aug 2023 | £418,663 | £415,000 | 20 TREWHITT ROAD |
| 7 Jul 2023 | £314,229 | £310,000 | 16 WARTON TERRACE |
| 14 Apr 2023 | £309,836 | £306,500 | 12 COQUET TERRACE |
| 24 Feb 2023 | £351,763 | £352,000 | 9 WARTON TERRACE |
This house has a floor area of 121 sq meters or 1,309 sq feet when measured on 12 May 2011. Using an estimated price of £283,359 means this house is valued at £2,329 per sq meter (£216 per sq foot).
The average size of a house on TOSSON TERRACE is 81 sq meters (877 sq feet).