£155,073
This estimated value is based upon the latest sale price for the house of £86,666 on 6 Nov 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £86,666 | 6 Nov 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 78 sq meters or 848 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 2005 the House Price Index for TYNE AND WEAR was 82.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 78.933%.Applying this 78.933% change to the original purchase price of £86,666 results in an estimated price of approximately £155,073.
| 6 Nov 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.0 | 146.7 | 78.933 % | £86,666 | £68,407 | £155,073 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | -27.312 % | £-23,669 | £62,996 |
| 3 Month Average | -10.424 % | £-9,034 | £77,631 |
| 6 Month Average | 12.924 % | £11,200 | £97,866 |
This house has a floor area of 78 sq meters or 848 sq feet when measured on 20 May 2009.
The average size of a house on LAWE ROAD is 158 sq meters (1,703 sq feet).