£268,670
This estimated value is based upon the latest sale price for the house of £217,500 on 22 Feb 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 |
---|---|
£217,500 | 22 Feb 2019 |
£190,000 | 20 Oct 2006 |
£249,999 | 10 Jul 2006 |
£141,500 | 8 Nov 2002 |
£90,000 | 14 Jan 2000 |
£60,000 | 24 Sep 1999 |
£81,000 | 20 Aug 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 85 sq meters or 916 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 February 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £217,500 results in an estimated price of approximately £268,670.
22 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.527 % | £217,500 | £51,170 | £268,670 |
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 | 9.118 % | £19,831 | £237,331 |
3 Month Average | 23.613 % | £51,358 | £268,858 |
6 Month Average | 3.683 % | £8,010 | £225,510 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £111,959 | £110,000 | 54C QUEENS ROAD |
22 Sep 2023 | £258,303 | £255,000 | 53 CAVENDISH PLACE |
7 Aug 2023 | £746,682 | £740,150 | 36 DEVONSHIRE PLACE |
24 Mar 2023 | £320,015 | £317,000 | 3 DEVONSHIRE PLACE |
21 Mar 2023 | £489,613 | £485,000 | 56 CAVENDISH PLACE |
This house has a floor area of 85 sq meters or 916 sq feet when measured on 23 Jun 2011. Using an estimated price of £268,671 means this house is valued at £3,155 per sq meter (£293 per sq foot).
The average size of a house on DEVONSHIRE PLACE is 179 sq meters (1,933 sq feet).