£374,902
This estimated value is based upon the latest sale price for the house of £205,000 on 18 Dec 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £205,000 | 18 Dec 2008 |
| £120,000 | 28 Sep 2007 |
| £215,000 | 19 Mar 2004 |
| £210,000 | 14 Jan 2002 |
| Terraced |
| Leasehold |
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 2008 the House Price Index for TYNE AND WEAR was 81.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 82.879%.Applying this 82.879% change to the original purchase price of £205,000 results in an estimated price of approximately £374,902.
| 18 Dec 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.9 | 149.7 | 82.879 % | £205,000 | £169,902 | £374,902 |
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 | 63.682 % | £130,548 | £335,548 |
| 3 Month Average | 74.769 % | £153,277 | £358,277 |
| 6 Month Average | 56.694 % | £116,221 | £321,221 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Apr 2024 | £50,438 | £50,000 | 219 FARNDALE ROAD |
| 18 Apr 2024 | £50,438 | £50,000 | 217 FARNDALE ROAD |
| 16 Jan 2023 | £65,174 | £65,000 | 232 FARNDALE ROAD |
| 9 Nov 2022 | £68,181 | £68,500 | 240 FARNDALE ROAD |
| 14 Oct 2022 | £61,794 | £62,000 | 148 CANNING STREET |