£150,253
This estimated value is based upon the latest sale price for the house of £140,000 on 10 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £140,000 | 10 Sep 2021 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 688 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.324%.Applying this 7.324% change to the original purchase price of £140,000 results in an estimated price of approximately £150,253.
| 10 Sep 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.0 | 7.324 % | £140,000 | £10,253 | £150,253 |
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 | 121.177 % | £169,648 | £309,648 |
| 3 Month Average | 15.518 % | £21,725 | £161,725 |
| 6 Month Average | 24.437 % | £34,211 | £174,211 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £181,101 | £180,000 | 6 MCEWAN GARDENS |
| 24 Feb 2023 | £149,294 | £150,000 | 101 BENTINCK ROAD |
| 24 Jun 2022 | £55,563 | £55,000 | 109 BENTINCK ROAD |
| 24 Jun 2022 | £68,189 | £67,498 | 111 BENTINCK ROAD |
| 25 Mar 2022 | £144,491 | £140,000 | 32 BENTINCK ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 10 Feb 2020. Using an estimated price of £150,254 means this house is valued at £2,347 per sq meter (£218 per sq foot).
The average size of a house on BENTINCK ROAD is 125 sq meters (1,349 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Durham Street |