£119,592
This estimated value is based upon the latest sale price for the house of £61,000 on 11 Feb 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£61,000 | 11 Feb 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 73 sq meters or 794 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 2005 the House Price Index for TYNE AND WEAR was 53.2.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 96.053%.Applying this 96.053% change to the original purchase price of £61,000 results in an estimated price of approximately £119,592.
11 Feb 2005 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
53.2 | 104.3 | 96.053 % | £61,000 | £58,592 | £119,592 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 38.402 % | £23,425 | £84,425 |
3 Month Average | 88.762 % | £54,144 | £115,144 |
6 Month Average | 65.829 % | £40,155 | £101,155 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Feb 2025 | £67,536 | £66,500 | 151 FARNDALE ROAD |
24 Jan 2025 | £12,319 | £12,000 | 83A ELLESMERE ROAD |
23 Aug 2024 | £76,676 | £73,000 | 131 ELLESMERE ROAD |
1 Mar 2024 | £170,809 | £160,000 | 81 ELLESMERE ROAD |
21 Dec 2023 | £83,247 | £77,500 | 28 ELLESMERE ROAD |
This house has a floor area of 73 sq meters or 794 sq feet when measured on 13 May 2011. Using an estimated price of £119,592 means this house is valued at £1,620 per sq meter (£150 per sq foot).
The average size of a house on ELLESMERE ROAD is 73 sq meters (795 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2025 | Other crime | Investigation complete; no suspect identified | On or near Farndale Road |
Feb 2025 | Anti-social behaviour | On or near Farndale Road | |
Feb 2025 | Anti-social behaviour | On or near Farndale Road | |
Feb 2025 | Drugs | Under investigation | On or near Farndale Road |
Feb 2025 | Anti-social behaviour | On or near Farndale Road |