£200,627
This estimated value is based upon the latest sale price for the house of £125,000 on 13 Dec 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£125,000 | 13 Dec 2013 |
Semi-Detached |
Freehold |
Floor Area: 105 sq meters or 1,130 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 2013 the House Price Index for TYNE AND WEAR was 92.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.502%.Applying this 60.502% change to the original purchase price of £125,000 results in an estimated price of approximately £200,627.
13 Dec 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
92.6 | 148.6 | 60.502 % | £125,000 | £75,627 | £200,627 |
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 | 74.687 % | £93,358 | £218,358 |
3 Month Average | 26.074 % | £32,591 | £157,591 |
6 Month Average | 25.366 % | £31,707 | £156,707 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £201,765 | £200,000 | 2 BELVEDERE AVENUE |
25 Aug 2023 | £211,853 | £210,000 | 23 DOWLING AVENUE |
21 Jul 2023 | £162,183 | £160,000 | 43 MARMION TERRACE |
28 Jun 2023 | £242,943 | £240,000 | 16 DOWLING AVENUE |
19 Oct 2022 | £269,103 | £272,000 | 7 ABBOTSFORD PARK |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 9 Apr 2013. Using an estimated price of £200,627 means this house is valued at £1,910 per sq meter (£177 per sq foot).
The average size of a house on BELVEDERE AVENUE is 103 sq meters (1,118 sq feet).