£522,993
This estimated value is based upon the latest sale price for the house of £327,500 on 8 May 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £327,500 | 8 May 2007 |
| £130,000 | 4 May 1999 |
| Terraced |
| Freehold |
| Floor Area: 175 sq meters or 1,883 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 May 2007 the House Price Index for TYNE AND WEAR was 93.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.693%.Applying this 59.693% change to the original purchase price of £327,500 results in an estimated price of approximately £522,993.
| 8 May 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 148.6 | 59.693 % | £327,500 | £195,493 | £522,993 |
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 | 30.772 % | £100,777 | £428,277 |
| 3 Month Average | 21.892 % | £71,697 | £399,197 |
| 6 Month Average | 17.429 % | £57,079 | £384,579 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 10 Mar 2023 | £853,037 | £845,000 | 7 CAVENDISH PLACE |
This house has a floor area of 175 sq meters or 1,883 sq feet when measured on 23 Feb 2016. Using an estimated price of £522,994 means this house is valued at £2,988 per sq meter (£277 per sq foot).
The average size of a house on DEVONSHIRE PLACE is 179 sq meters (1,933 sq feet).