£96,411
This estimated value is based upon the latest sale price for the house of £78,000 on 2 Sep 2019. 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 |
|---|---|
| £78,000 | 2 Sep 2019 |
| £56,000 | 31 Mar 2003 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 September 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £78,000 results in an estimated price of approximately £96,411.
| 2 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £78,000 | £18,411 | £96,411 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 40.045 % | £31,235 | £109,235 |
| 3 Month Average | 30.025 % | £23,419 | £101,419 |
| 6 Month Average | 3.574 % | £2,787 | £80,787 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £60,537 | £59,000 | 32 LAUREL STREET |
| 30 Aug 2023 | £46,336 | £45,500 | 3 CHESTNUT STREET |
| 6 Apr 2023 | £100,377 | £98,500 | 10 CHESTNUT STREET |
| 27 Jan 2023 | £125,335 | £125,000 | 46 HIGH STREET EAST |
| 24 Mar 2022 | £78,295 | £75,000 | 60 STATION ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 10 Jul 2018. Using an estimated price of £96,412 means this house is valued at £1,047 per sq meter (£97 per sq foot).
The average size of a house on LAUREL STREET is 68 sq meters (738 sq feet).