£340,100
This estimated value is based upon the latest sale price for the house of £155,050 on 12 Dec 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£155,050 | 12 Dec 2003 |
£88,000 | 21 May 2001 |
£73,500 | 5 Oct 1999 |
£66,500 | 16 Nov 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 75 sq meters or 807 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 December 2003 the House Price Index for TYNE AND WEAR was 68.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 119.349%.Applying this 119.349% change to the original purchase price of £155,050 results in an estimated price of approximately £340,100.
12 Dec 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
68.2 | 149.7 | 119.349 % | £155,050 | £185,050 | £340,100 |
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 | 120.054 % | £186,143 | £341,193 |
3 Month Average | 65.228 % | £101,136 | £256,186 |
6 Month Average | 55.171 % | £85,542 | £240,592 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £420,460 | £414,000 | 64 OSBORNE AVENUE |
19 Dec 2023 | £567,436 | £550,000 | 24 WELLBURN PARK |
31 Oct 2023 | £209,764 | £205,000 | 19 SHORTRIDGE TERRACE |
23 Oct 2023 | £388,831 | £380,000 | 17 BUSTON TERRACE |
21 Aug 2023 | £224,805 | £220,750 | 63 SHORTRIDGE TERRACE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 17 Oct 2018. Using an estimated price of £340,101 means this house is valued at £4,534 per sq meter (£421 per sq foot).
The average size of a house on SHORTRIDGE TERRACE is 90 sq meters (974 sq feet).