£101,018
This estimated value is based upon the latest sale price for the house of £43,000 on 25 Jun 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £43,000 | 25 Jun 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 June 2003 the House Price Index for TYNE AND WEAR was 63.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 134.927%.Applying this 134.927% change to the original purchase price of £43,000 results in an estimated price of approximately £101,018.
| 25 Jun 2003 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 63.0 | 148.0 | 134.927 % | £43,000 | £58,018 | £101,018 |
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 | 325.769 % | £140,080 | £183,080 |
| 3 Month Average | 147.745 % | £63,530 | £106,530 |
| 6 Month Average | 172.535 % | £74,190 | £117,190 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £65,621 | £65,000 | 120 STRATHMORE CRESCENT |
| 16 Jan 2023 | £64,434 | £65,000 | 232 FARNDALE ROAD |
| 9 Nov 2022 | £67,407 | £68,500 | 240 FARNDALE ROAD |
| 14 Oct 2022 | £61,092 | £62,000 | 148 CANNING STREET |
| 6 Jan 2022 | £48,739 | £46,500 | 180 CANNING STREET |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 13 Apr 2016. Using an estimated price of £101,019 means this house is valued at £1,422 per sq meter (£132 per sq foot).
The average size of a house on STRATHMORE CRESCENT is 82 sq meters (887 sq feet).