£6,216
This estimated value is based upon the latest sale price for the house of £4,500 on 14 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£4,500 | 14 Nov 2016 |
Freehold |
Floor Area: 86 sq meters or 925 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 2016 the House Price Index for TYNE AND WEAR was 75.5.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 38.146%.Applying this 38.146% change to the original purchase price of £4,500 results in an estimated price of approximately £6,216.
14 Nov 2016 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
75.5 | 104.3 | 38.146 % | £4,500 | £1,716 | £6,216 |
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 | 20.181 % | £908 | £5,408 |
3 Month Average | 59.256 % | £2,666 | £7,166 |
6 Month Average | 45.618 % | £2,052 | £6,552 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Jan 2025 | £215,581 | £210,000 | 6 HACKWORTH WAY |
25 Oct 2024 | £166,713 | £160,000 | 91 GARDNER PARK |
7 Oct 2024 | £90,129 | £86,500 | 20 BLUCHER ROAD |
24 Nov 2023 | £180,601 | £169,000 | 19 FINCHDALE CLOSE |
26 May 2023 | £165,142 | £155,800 | 83 BLUCHER ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 10 Sep 2013. Using an estimated price of £6,217 means this house is valued at £72 per sq meter (£6 per sq foot).