£607,742
This estimated value is based upon the latest sale price for the house of £350,000 on 16 Dec 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£350,000 | 16 Dec 2011 |
£390,000 | 18 Jul 2005 |
£335,000 | 6 Jun 2003 |
£195,000 | 30 Aug 2001 |
£148,000 | 4 Sep 1998 |
£63,500 | 15 Dec 1995 |
Terraced |
Freehold |
Floor Area: 216 sq meters or 2,325 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 December 2011 the House Price Index for TYNE AND WEAR was 86.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.641%.Applying this 73.641% change to the original purchase price of £350,000 results in an estimated price of approximately £607,742.
16 Dec 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 149.7 | 73.641 % | £350,000 | £257,742 | £607,742 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 149.136 % | £521,974 | £871,974 |
3 Month Average | 49.878 % | £174,573 | £524,573 |
6 Month Average | 48.237 % | £168,829 | £518,829 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Sep 2023 | £164,629 | £161,000 | 2 ORCHARD PLACE |
11 Aug 2023 | £149,700 | £147,000 | 16 ORCHARD PLACE |
16 Jun 2023 | £185,722 | £182,000 | 57 CAVENDISH ROAD |
28 Apr 2023 | £305,718 | £300,000 | 118 MANOR HOUSE ROAD |
7 Mar 2022 | £202,523 | £194,000 | 26 VALLEY VIEW |
This house has a floor area of 216 sq meters or 2,325 sq feet when measured on 13 Sep 2012. Using an estimated price of £607,743 means this house is valued at £2,813 per sq meter (£261 per sq foot).
The average size of a house on MANOR HOUSE ROAD is 184 sq meters (1,989 sq feet).