£145,040
This estimated value is based upon the latest sale price for the house of £98,000 on 16 Jan 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£98,000 | 16 Jan 2015 |
£92,000 | 6 Dec 2012 |
£24,950 | 24 Mar 2000 |
Semi-Detached |
Freehold |
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 January 2015 the House Price Index for TYNE AND WEAR was 100.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 48.000%.Applying this 48.000% change to the original purchase price of £98,000 results in an estimated price of approximately £145,040.
16 Jan 2015 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.0 | 148.0 | 48.000 % | £98,000 | £47,040 | £145,040 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | -17.257 % | £-16,912 | £81,087 |
3 Month Average | -2.417 % | £-2,369 | £95,630 |
6 Month Average | -10.930 % | £-10,711 | £87,288 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Dec 2023 | £101,928 | £100,000 | THE HAVEN HETTON ROAD |
15 Dec 2023 | £58,099 | £57,000 | 7 MOORE CRESCENT SOUTH |
7 Jul 2023 | £70,618 | £69,950 | 10 MOORE CRESCENT SOUTH |
30 Jun 2023 | £141,144 | £140,000 | 45 MARTINDALE PARK |
10 Feb 2023 | £72,656 | £73,000 | 9 BURNS AVENUE NORTH |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 15 Jul 2015. Using an estimated price of £145,040 means this house is valued at £2,042 per sq meter (£189 per sq foot).
The average size of a house on MARTINDALE PARK is 92 sq meters (995 sq feet).