£311,103
This estimated value is based upon the latest sale price for the house of £250,000 on 8 Feb 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £250,000 | 8 Feb 2019 |
| Detached |
| Leasehold |
| Floor Area: 65 sq meters or 699 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £250,000 results in an estimated price of approximately £311,103.
| 8 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.441 % | £250,000 | £61,103 | £311,103 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 1.541 % | £3,852 | £253,852 |
| 3 Month Average | 20.332 % | £50,829 | £300,829 |
| 6 Month Average | 18.984 % | £47,459 | £297,459 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £324,986 | £315,000 | 87 ABBOTS WAY |
| 3 Nov 2023 | £192,896 | £188,000 | 3 DAWLISH CLOSE |
| 16 Oct 2023 | £100,278 | £98,000 | 18 DAWLISH CLOSE |
| 29 Sep 2023 | £368,064 | £359,950 | 174 ABBOTS WAY |
| 15 Sep 2023 | £485,707 | £475,000 | 140 ABBOTS WAY |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 25 Oct 2018. Using an estimated price of £311,103 means this house is valued at £4,786 per sq meter (£444 per sq foot).
The average size of a house on ABBOTS WAY is 115 sq meters (1,238 sq feet).