£219,621
This estimated value is based upon the latest sale price for the house of £130,000 on 29 Nov 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 29 Nov 2006 |
| £24,000 | 16 Dec 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 112 sq meters or 1,205 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 2006 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.940%.Applying this 68.940% change to the original purchase price of £130,000 results in an estimated price of approximately £219,621.
| 29 Nov 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 149.7 | 68.940 % | £130,000 | £89,621 | £219,621 |
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 | 44.432 % | £57,761 | £187,761 |
| 3 Month Average | 42.840 % | £55,692 | £185,692 |
| 6 Month Average | 30.763 % | £39,991 | £169,991 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £61,227 | £60,000 | 153 LADYKIRK ROAD |
| 9 Feb 2023 | £125,841 | £125,000 | 118 HAMPSTEAD ROAD |
| 7 Feb 2023 | £85,572 | £85,000 | 163 HAMPSTEAD ROAD |
| 29 Mar 2022 | £67,856 | £65,000 | 94 HAMPSTEAD ROAD |
| 21 Dec 2021 | £53,965 | £50,000 | 98 ELLESMERE ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 21 Nov 2016. Using an estimated price of £219,621 means this house is valued at £1,960 per sq meter (£182 per sq foot).
The average size of a house on HAMPSTEAD ROAD is 80 sq meters (870 sq feet).