£94,762
This estimated value is based upon the latest sale price for the house of £45,000 on 4 Mar 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £45,000 | 4 Mar 2004 |
| Semi-Detached |
| Freehold |
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 March 2004 the House Price Index for TYNE AND WEAR was 71.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 110.582%.Applying this 110.582% change to the original purchase price of £45,000 results in an estimated price of approximately £94,762.
| 4 Mar 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 71.1 | 149.7 | 110.582 % | £45,000 | £49,762 | £94,762 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 18.054 % | £8,124 | £53,124 |
| 3 Month Average | 90.029 % | £40,513 | £85,513 |
| 6 Month Average | 90.042 % | £40,518 | £85,518 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jul 2024 | £77,500 | £77,500 | 4 NILE STREET |
| 1 Dec 2023 | £123,804 | £120,000 | 5 SAVILLE STREET WEST |
| 8 Jun 2023 | £96,943 | £95,000 | 85 BEDFORD STREET |
| 5 Jul 2022 | £17,677 | £17,500 | 92 - 93 BEDFORD STREET |
| 4 May 2022 | £63,915 | £62,250 | 81 RUDYERD STREET |