£27,883
This estimated value is based upon the latest sale price for the house of £27,250 on 24 Oct 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£27,250 | 24 Oct 2023 |
£17,750 | 24 Jan 2018 |
£34,500 | 12 Jan 2007 |
£12,500 | 13 Dec 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 53 sq meters or 570 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 October 2023 the House Price Index for TYNE AND WEAR was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £27,250 results in an estimated price of approximately £27,883.
24 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.3 | 149.7 | 2.324 % | £27,250 | £633 | £27,883 |
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 | -57.442 % | £-15,653 | £11,596 |
3 Month Average | -37.229 % | £-10,145 | £17,104 |
6 Month Average | -25.326 % | £-6,901 | £20,348 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 May 2024 | £23,000 | £23,000 | 140 COLLINGWOOD COURT |
3 Apr 2024 | £29,254 | £29,000 | 152 COLLINGWOOD COURT |
24 Oct 2023 | £27,883 | £27,250 | 65 COLLINGWOOD COURT |
28 Sep 2023 | £27,915 | £27,300 | 17 COLLINGWOOD COURT |
10 Mar 2023 | £28,476 | £28,000 | 162 COLLINGWOOD COURT |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 20 Aug 2013. Using an estimated price of £27,883 means this house is valued at £526 per sq meter (£48 per sq foot).
The average size of a house on COLLINGWOOD COURT is 59 sq meters (645 sq feet).