£48,575
This estimated value is based upon the latest sale price for the house of £19,000 on 29 Nov 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£19,000 | 29 Nov 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 70 sq meters or 753 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 2002 the House Price Index for TYNE AND WEAR was 57.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 155.659%.Applying this 155.659% change to the original purchase price of £19,000 results in an estimated price of approximately £48,575.
29 Nov 2002 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
57.9 | 148.0 | 155.659 % | £19,000 | £29,575 | £48,575 |
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 | 442.750 % | £84,122 | £103,122 |
3 Month Average | 212.990 % | £40,468 | £59,468 |
6 Month Average | 212.985 % | £40,467 | £59,467 |
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 70 sq meters or 753 sq feet when measured on 29 May 2014. Using an estimated price of £48,575 means this house is valued at £693 per sq meter (£64 per sq foot).
The average size of a house on STRATHMORE CRESCENT is 82 sq meters (887 sq feet).