£213,894
This estimated value is based upon the latest sale price for the house of £165,000 on 19 May 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £165,000 | 19 May 2017 |
| £80,000 | 26 May 2000 |
| £39,000 | 13 Jul 1995 |
| Terraced |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 2017 the House Price Index for TYNE AND WEAR was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £165,000 results in an estimated price of approximately £213,894.
| 19 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £165,000 | £48,894 | £213,894 |
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 | 16.565 % | £27,332 | £192,332 |
| 3 Month Average | 27.503 % | £45,380 | £210,380 |
| 6 Month Average | 17.617 % | £29,067 | £194,067 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £462,500 | £462,500 | 17 QUEENS ROAD |
| 5 Jun 2023 | £265,317 | £260,000 | FLAT C 38 GROSVENOR PLACE |
| 24 Mar 2023 | £1,576,325 | £1,550,000 | 25 QUEENS TERRACE |
| 20 Mar 2023 | £859,351 | £845,000 | 45 QUEENS TERRACE |
| 23 Jan 2023 | £2,205,894 | £2,200,000 | 40 CAVENDISH PLACE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 26 Mar 2019. Using an estimated price of £213,894 means this house is valued at £3,145 per sq meter (£292 per sq foot).
The average size of a house on QUEENS TERRACE is 190 sq meters (2,048 sq feet).
This house is the smallest in the street with a floor area of 68 sq meters (731 sq feet).