£74,985
This estimated value is based upon the latest sale price for the house of £13,250 on 20 Dec 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £13,250 | 20 Dec 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 80 sq meters or 861 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 December 1995 the House Price Index for TYNE AND WEAR was 26.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 465.929%.Applying this 465.929% change to the original purchase price of £13,250 results in an estimated price of approximately £74,985.
| 20 Dec 1995 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.2 | 148.0 | 465.929 % | £13,250 | £61,735 | £74,985 |
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 | 399.422 % | £52,923 | £66,173 |
| 3 Month Average | 419.106 % | £55,531 | £68,781 |
| 6 Month Average | 400.295 % | £53,039 | £66,289 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £259,917 | £255,000 | 54 WINGROVE ROAD |
| 15 Dec 2023 | £280,303 | £275,000 | 72 WINGROVE ROAD |
| 25 Aug 2023 | £184,623 | £183,500 | 111 WINGROVE AVENUE |
| 27 Mar 2023 | £161,875 | £161,000 | 6 AGRICOLA ROAD |
| 9 Mar 2023 | £246,332 | £245,000 | 65 WINGROVE ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 5 Dec 2019. Using an estimated price of £74,986 means this house is valued at £937 per sq meter (£87 per sq foot).
The average size of a house on WINGROVE AVENUE is 95 sq meters (1,028 sq feet).