£188,239
This estimated value is based upon the latest sale price for the house of £118,000 on 14 Feb 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £118,000 | 14 Feb 2014 |
| £167,000 | 8 Aug 2008 |
| £14,000 | 11 Aug 1997 |
| £20,000 | 30 Jun 1995 |
| Terraced |
| Freehold |
| Floor Area: 182 sq meters or 1,959 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 February 2014 the House Price Index for TYNE AND WEAR was 93.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.525%.Applying this 59.525% change to the original purchase price of £118,000 results in an estimated price of approximately £188,239.
| 14 Feb 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 149.7 | 59.525 % | £118,000 | £70,239 | £188,239 |
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 | 46.236 % | £54,559 | £172,559 |
| 3 Month Average | 44.714 % | £52,762 | £170,762 |
| 6 Month Average | 31.681 % | £37,384 | £155,384 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £121,872 | £120,000 | 17 WESTERN AVENUE |
| 30 Mar 2022 | £62,636 | £60,000 | 228 HAMPSTEAD ROAD |
| 23 Dec 2021 | £97,138 | £90,000 | 234 LADYKIRK ROAD |
| 5 Nov 2021 | £81,714 | £75,000 | 204 - 206 HAMPSTEAD ROAD |
| 17 Sep 2021 | £103,129 | £95,000 | 118 FAIRHOLM ROAD |
This house has a floor area of 182 sq meters or 1,959 sq feet when measured on 12 Feb 2020. Using an estimated price of £188,239 means this house is valued at £1,034 per sq meter (£96 per sq foot).
The average size of a house on LADYKIRK ROAD is 82 sq meters (884 sq feet).
This house is the largest in the street with a floor area of 182 sq meters (1,959 sq feet).