£399,609
This estimated value is based upon the latest sale price for the house of £323,500 on 1 Feb 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£323,500 | 1 Feb 2019 |
£82,000 | 25 Jun 1999 |
Semi-Detached |
Freehold |
Floor Area: 115 sq meters or 1,237 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £323,500 results in an estimated price of approximately £399,609.
1 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.527 % | £323,500 | £76,109 | £399,609 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 70.821 % | £229,107 | £552,607 |
3 Month Average | 25.028 % | £80,965 | £404,465 |
6 Month Average | 14.647 % | £47,382 | £370,882 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Nov 2022 | £330,991 | £335,000 | 35 DENEHOLM |
21 Jul 2022 | £280,756 | £280,000 | 43 HERMISTON |
8 Jul 2022 | £360,972 | £360,000 | 5 VALLEY GARDENS |
10 Jun 2022 | £365,160 | £360,000 | 38 HERMISTON |
24 Sep 2021 | £406,899 | £377,600 | 7 THE GREEN |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 15 Oct 2018. Using an estimated price of £399,609 means this house is valued at £3,474 per sq meter (£322 per sq foot).
The average size of a house on THE GREEN is 164 sq meters (1,772 sq feet).
This house is the smallest in the street with a floor area of 115 sq meters (1,237 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near The Green | |
Feb 2024 | Anti-social behaviour | On or near The Green | |
Feb 2024 | Anti-social behaviour | On or near The Green | |
Jan 2024 | Anti-social behaviour | On or near The Green | |
Jan 2024 | Anti-social behaviour | On or near The Green |