£140,796
This estimated value is based upon the latest sale price for the house of £107,500 on 28 Feb 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £107,500 | 28 Feb 2017 |
| Freehold |
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 February 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £107,500 results in an estimated price of approximately £140,796.
| 28 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 149.7 | 30.973 % | £107,500 | £33,296 | £140,796 |
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 | -8.971 % | £-9,643 | £97,856 |
| 3 Month Average | -8.418 % | £-9,049 | £98,450 |
| 6 Month Average | -0.248 % | £-266 | £107,233 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £272,365 | £270,000 | 24 FOWLER STREET |
| 28 Mar 2024 | £548,426 | £540,000 | 3 MARKET PLACE |
| 20 Mar 2024 | £50,780 | £50,000 | 123 KING STREET |
| 21 Dec 2023 | £247,609 | £240,000 | 68 KING STREET |
| 19 Jun 2023 | £102,045 | £100,000 | 107 KING STREET |