£100,839
This estimated value is based upon the latest sale price for the house of £65,000 on 30 Nov 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,000 | 30 Nov 2007 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 2007 the House Price Index for TYNE AND WEAR was 95.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.138%.Applying this 55.138% change to the original purchase price of £65,000 results in an estimated price of approximately £100,839.
| 30 Nov 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 148.6 | 55.138 % | £65,000 | £35,839 | £100,839 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 6.481 % | £4,212 | £69,212 |
| 3 Month Average | 11.051 % | £7,183 | £72,183 |
| 6 Month Average | 17.269 % | £11,224 | £76,224 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £101,295 | £100,000 | 87 HIGH STREET |
| 13 Jun 2023 | £76,932 | £76,000 | 1 CAPSTAN COURT |
| 28 Apr 2023 | £133,437 | £132,000 | 33 SHERBURN TERRACE |
| 14 Apr 2023 | £144,051 | £142,500 | 19 STAINTON GARDENS |
| 14 Sep 2022 | £131,439 | £132,500 | 27 STANLEY GARDENS |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 22 Feb 2016. Using an estimated price of £100,840 means this house is valued at £1,133 per sq meter (£105 per sq foot).
There is one other house on the street which we know the size of, this is 5A RAVENSWORTH VILLAS it is 82.0