£271,586
This estimated value is based upon the latest sale price for the house of £149,000 on 8 Jul 2009. 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 |
|---|---|
| £149,000 | 8 Jul 2009 |
| £149,000 | 8 Jul 2009 |
| Terraced |
| Freehold |
| Floor Area: 144 sq meters or 1,554 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 July 2009 the House Price Index for TYNE AND WEAR was 81.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.273%.Applying this 82.273% change to the original purchase price of £149,000 results in an estimated price of approximately £271,586.
| 8 Jul 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 148.6 | 82.273 % | £149,000 | £122,586 | £271,586 |
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 | 30.626 % | £45,632 | £194,632 |
| 3 Month Average | 20.009 % | £29,813 | £178,813 |
| 6 Month Average | 29.530 % | £43,999 | £192,999 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £72,264 | £71,000 | 256 STATION ROAD |
| 25 Aug 2023 | £252,206 | £250,000 | 6 PARK AVENUE |
| 4 Aug 2023 | £105,927 | £105,000 | 86 NORTH ROAD |
| 19 Jul 2023 | £110,487 | £109,000 | 245 STATION ROAD |
| 30 Jun 2023 | £51,625 | £51,000 | 279 STATION ROAD |
This house has a floor area of 144 sq meters or 1,554 sq feet when measured on 21 Jan 2011. Using an estimated price of £271,586 means this house is valued at £1,881 per sq meter (£174 per sq foot).
The average size of a house on PARK VIEW is 173 sq meters (1,869 sq feet).