£109,245
This estimated value is based upon the latest sale price for the house of £88,000 on 12 Oct 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,000 | 12 Oct 2018 |
| £80,000 | 3 Jul 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 October 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £88,000 results in an estimated price of approximately £109,245.
| 12 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £88,000 | £21,245 | £109,245 |
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 | 23.033 % | £20,269 | £108,269 |
| 3 Month Average | 40.742 % | £35,853 | £123,853 |
| 6 Month Average | 24.098 % | £21,206 | £109,206 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £101,560 | £100,000 | 150 STANTON STREET |
| 31 Oct 2023 | £194,416 | £190,000 | 67 CROYDON ROAD |
| 30 Jun 2023 | £81,636 | £80,000 | 258 BAXTERWOOD COURT STANHOPE STREET |
| 31 Mar 2023 | £116,953 | £115,000 | 121 TAMWORTH ROAD |
| 27 Jan 2023 | £95,255 | £95,000 | 150 TAMWORTH ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 3 Sep 2018. Using an estimated price of £109,246 means this house is valued at £1,496 per sq meter (£139 per sq foot).
The average size of a house on BEACONSFIELD STREET is 79 sq meters (852 sq feet).