£68,349
This estimated value is based upon the latest sale price for the house of £55,000 on 20 Dec 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 20 Dec 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 2018 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £55,000 results in an estimated price of approximately £68,349.
| 20 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £55,000 | £13,349 | £68,349 |
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 | 101.583 % | £55,870 | £110,870 |
| 3 Month Average | 24.402 % | £13,421 | £68,421 |
| 6 Month Average | 34.647 % | £19,056 | £74,056 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Apr 2024 | £85,745 | £85,000 | 91 NORMOUNT ROAD |
| 15 Apr 2024 | £47,160 | £46,750 | 52 AXBRIDGE GARDENS |
| 15 Apr 2024 | £47,160 | £46,750 | 50 AXBRIDGE GARDENS |
| 13 Dec 2023 | £92,853 | £90,000 | 90 FAIRHOLM ROAD |
| 17 Nov 2023 | £139,542 | £136,000 | 14 AXBRIDGE GARDENS |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 27 Jun 2014. Using an estimated price of £68,349 means this house is valued at £1,120 per sq meter (£104 per sq foot).
The average size of a house on FAIRHOLM ROAD is 95 sq meters (1,027 sq feet).