£284,377
This estimated value is based upon the latest sale price for the house of £220,000 on 10 Apr 2017. 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 |
---|---|
£220,000 | 10 Apr 2017 |
Detached |
Freehold |
Floor Area: 88 sq meters or 947 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 April 2017 the House Price Index for TYNE AND WEAR was 115.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.262%.Applying this 29.262% change to the original purchase price of £220,000 results in an estimated price of approximately £284,377.
10 Apr 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
115.0 | 148.6 | 29.262 % | £220,000 | £64,377 | £284,377 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 18.642 % | £41,012 | £261,012 |
3 Month Average | 27.633 % | £60,791 | £280,791 |
6 Month Average | 45.117 % | £99,257 | £319,257 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £139,059 | £137,000 | 3 CAWTHORNE TERRACE |
29 Sep 2023 | £160,046 | £158,000 | 6 MOOR CREST TERRACE |
29 Aug 2023 | £282,421 | £279,950 | 12 KELVIN GROVE |
19 Aug 2022 | £136,134 | £136,500 | 2 MOOR CREST TERRACE |
28 Feb 2022 | £127,521 | £121,600 | 18 ROSEBERY AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 6 Oct 2015. Using an estimated price of £284,377 means this house is valued at £3,231 per sq meter (£300 per sq foot).
The average size of a house on PENNYFINE CLOSE is 130 sq meters (1,403 sq feet).
This house is the largest in the street with a floor area of 88 sq meters (947 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near North Road | |
Apr 2024 | Bicycle theft | Under investigation | On or near North Road |
Mar 2024 | Anti-social behaviour | On or near North Road | |
Mar 2024 | Other theft | Under investigation | On or near North Road |
Mar 2024 | Anti-social behaviour | On or near North Road |