£117,995
This estimated value is based upon the latest sale price for the house of £115,000 on 24 Nov 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 |
---|---|
£115,000 | 24 Nov 2023 |
£120,000 | 8 Nov 2019 |
£111,500 | 6 Nov 2015 |
£135,000 | 2 Oct 2008 |
£97,500 | 19 Feb 2004 |
£70,000 | 26 Jan 2001 |
£49,950 | 10 Jul 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 56 sq meters or 602 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 November 2023 the House Price Index for TYNE AND WEAR was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £115,000 results in an estimated price of approximately £117,995.
24 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.9 | 149.7 | 2.605 % | £115,000 | £2,995 | £117,995 |
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 | 64.298 % | £73,943 | £188,943 |
3 Month Average | 27.067 % | £31,127 | £146,127 |
6 Month Average | 5.318 % | £6,115 | £121,115 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £50,780 | £50,000 | FLAT 1 WAVERLEY LODGE, 162 - 170 SANDYFORD ROAD |
24 Nov 2023 | £117,995 | £115,000 | FLAT 3 DEUCHAR HOUSE, 158 SANDYFORD ROAD |
10 Nov 2023 | £138,516 | £135,000 | FLAT 26 DEUCHAR HOUSE, 158 SANDYFORD ROAD |
3 Nov 2023 | £956,787 | £932,500 | 88 GRANTHAM ROAD |
9 Mar 2023 | £142,378 | £140,000 | 3 PORTLAND MEWS |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 22 Oct 2013. Using an estimated price of £117,995 means this house is valued at £2,107 per sq meter (£195 per sq foot).
The average size of a house on SANDYFORD ROAD is 87 sq meters (938 sq feet).