£225,556
This estimated value is based upon the latest sale price for the house of £183,000 on 12 Feb 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£183,000 | 12 Feb 2020 |
£153,000 | 23 Jan 2004 |
£153,000 | 23 Jan 2004 |
£73,500 | 21 Oct 1998 |
Semi-Detached |
Leasehold |
Floor Area: 94 sq meters or 1,011 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 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £183,000 results in an estimated price of approximately £225,556.
12 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 149.7 | 23.255 % | £183,000 | £42,556 | £225,556 |
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 | 88.814 % | £162,529 | £345,529 |
3 Month Average | 17.945 % | £32,838 | £215,838 |
6 Month Average | 4.889 % | £8,947 | £191,947 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £58,807 | £57,000 | 91 SUNHOLME DRIVE |
18 Sep 2023 | £102,254 | £100,000 | 74 SUNHOLME DRIVE |
10 Aug 2023 | £198,582 | £195,000 | 1 STEPHENSON WAY |
29 Jun 2023 | £142,863 | £140,000 | 18 LOW GARDENS |
23 Jun 2023 | £260,215 | £255,000 | 145 EXETER ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 4 Jul 2019. Using an estimated price of £225,556 means this house is valued at £2,399 per sq meter (£222 per sq foot).
The average size of a house on SUNHOLME DRIVE is 80 sq meters (862 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near Sydney Grove |