£53,007
This estimated value is based upon the latest sale price for the house of £33,000 on 19 Apr 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£33,000 | 19 Apr 2007 |
£8,000 | 31 Jul 1998 |
Terraced |
Leasehold |
Floor Area: 65 sq meters or 699 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 2007 the House Price Index for TYNE AND WEAR was 92.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.629%.Applying this 60.629% change to the original purchase price of £33,000 results in an estimated price of approximately £53,007.
19 Apr 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
92.5 | 148.6 | 60.629 % | £33,000 | £20,007 | £53,007 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -27.354 % | £-9,026 | £23,973 |
3 Month Average | -25.503 % | £-8,415 | £24,584 |
6 Month Average | -4.383 % | £-1,446 | £31,553 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Sep 2023 | £27,654 | £27,300 | 17 COLLINGWOOD COURT |
6 Mar 2023 | £25,238 | £25,000 | 79 COLLINGWOOD COURT |
22 Feb 2023 | £16,489 | £16,500 | 148 COLLINGWOOD COURT |
17 Feb 2023 | £39,972 | £39,999 | 96 COLLINGWOOD COURT |
21 Nov 2022 | £18,773 | £19,000 | 137 COLLINGWOOD COURT |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 16 Jul 2013. Using an estimated price of £53,007 means this house is valued at £815 per sq meter (£75 per sq foot).
The average size of a house on COLLINGWOOD COURT is 59 sq meters (645 sq feet).