£112,924
This estimated value is based upon the latest sale price for the house of £113,000 on 16 Feb 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 |
---|---|
£113,000 | 16 Feb 2023 |
£125,000 | 21 Mar 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 62 sq meters or 667 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 February 2023 the House Price Index for TYNE AND WEAR was 148.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £113,000 results in an estimated price of approximately £112,924.
16 Feb 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
148.7 | 148.6 | -0.067 % | £113,000 | £-75 | £112,924 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | -27.000 % | £-30,510 | £82,490 |
3 Month Average | 37.577 % | £42,462 | £155,462 |
6 Month Average | 36.024 % | £40,706 | £153,706 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £1,125,000 | £1,125,000 | 111 - 115 GRAINGER STREET |
13 Dec 2023 | £1,722,132 | £1,692,000 | 133 GRAINGER STREET |
17 Mar 2023 | £1,791,882 | £1,775,000 | CHARLOTTE HOUSE WESTGATE ROAD |
28 Feb 2023 | £97,934 | £98,000 | FLAT 5 FALCONARS APARTMENTS, 18 CLAYTON STREET |
16 Feb 2023 | £112,924 | £113,000 | 8 NEWGATE STREET |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 27 May 2021. Using an estimated price of £112,924 means this house is valued at £1,821 per sq meter (£169 per sq foot).