£133,808
This estimated value is based upon the latest sale price for the house of £106,000 on 15 Sep 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£106,000 | 15 Sep 2017 |
£97,500 | 6 Mar 2015 |
Flats/Maisonettes |
Leasehold |
Floor Area: 58 sq meters or 624 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 2017 the House Price Index for TYNE AND WEAR was 117.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 26.235%.Applying this 26.235% change to the original purchase price of £106,000 results in an estimated price of approximately £133,808.
15 Sep 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.2 | 148.0 | 26.235 % | £106,000 | £27,808 | £133,808 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -33.708 % | £-35,730 | £70,269 |
3 Month Average | -6.873 % | £-7,285 | £98,714 |
6 Month Average | 20.051 % | £21,254 | £127,254 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £203,857 | £200,000 | 92 CHAPEL HOUSE DRIVE |
22 Nov 2023 | £126,626 | £125,000 | 11 BYRON COURT |
7 Jul 2023 | £222,101 | £220,000 | 63 HILLHEAD PARKWAY |
31 Mar 2023 | £199,076 | £198,000 | 105 CHAPEL HOUSE DRIVE |
20 Jan 2023 | £208,171 | £210,000 | 8 BARBONDALE LONNEN |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 19 Jan 2015. Using an estimated price of £133,809 means this house is valued at £2,307 per sq meter (£214 per sq foot).
The average size of a house on HILLHEAD PARKWAY is 85 sq meters (918 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Parking Area | |
Feb 2024 | Anti-social behaviour | On or near Parking Area | |
Feb 2024 | Anti-social behaviour | On or near Parking Area |