£192,709
This estimated value is based upon the latest sale price for the house of £165,000 on 16 Nov 2020. 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 | 16 Nov 2020 |
£205,000 | 7 Jan 2008 |
£57,500 | 20 Feb 1998 |
£59,950 | 30 May 1997 |
Freehold |
Floor Area: 72 sq meters or 775 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £165,000 results in an estimated price of approximately £192,709.
16 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
128.2 | 149.7 | 16.794 % | £165,000 | £27,709 | £192,709 |
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 | 75.048 % | £123,829 | £288,829 |
3 Month Average | 27.711 % | £45,722 | £210,722 |
6 Month Average | 16.818 % | £27,750 | £192,750 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Oct 2023 | £405,122 | £395,921 | 30 GLENTHORN ROAD |
10 Aug 2023 | £229,133 | £225,000 | 15 BAYSWATER ROAD |
25 Jan 2023 | £358,959 | £358,000 | 58 BAYSWATER ROAD |
14 Apr 2022 | £217,859 | £210,000 | 29 BAYSWATER ROAD |
14 Apr 2022 | £217,859 | £210,000 | 31 BAYSWATER ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 9 Mar 2011. Using an estimated price of £192,709 means this house is valued at £2,675 per sq meter (£248 per sq foot).
The average size of a house on GLENTHORN ROAD is 87 sq meters (945 sq feet).