£247,752
This estimated value is based upon the latest sale price for the house of £168,500 on 8 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £168,500 | 8 May 2015 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 May 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £168,500 results in an estimated price of approximately £247,752.
| 8 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £168,500 | £79,252 | £247,752 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 55.916 % | £94,217 | £262,717 |
| 3 Month Average | 75.968 % | £128,006 | £296,506 |
| 6 Month Average | 43.308 % | £72,974 | £241,474 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £189,818 | £185,000 | 39 WARWICK STREET |
| 12 Jun 2023 | £168,374 | £165,000 | 80 HOTSPUR STREET |
| 5 Apr 2023 | £119,230 | £117,000 | 74 MOWBRAY STREET |
| 1 Mar 2023 | £239,551 | £235,550 | 23 WARWICK STREET |
| 23 Feb 2023 | £231,547 | £230,000 | 56 WARWICK STREET |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 4 Jun 2014. Using an estimated price of £247,753 means this house is valued at £2,428 per sq meter (£225 per sq foot).
The average size of a house on WARWICK STREET is 96 sq meters (1,037 sq feet).