£119,504
This estimated value is based upon the latest sale price for the house of £65,000 on 8 Jul 2005. 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 | 8 Jul 2005 |
| £42,600 | 30 Oct 2003 |
| £23,500 | 4 Feb 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 July 2005 the House Price Index for TYNE AND WEAR was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.853%.Applying this 83.853% change to the original purchase price of £65,000 results in an estimated price of approximately £119,504.
| 8 Jul 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 83.853 % | £65,000 | £54,504 | £119,504 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 94.481 % | £61,412 | £126,412 |
| 3 Month Average | 40.946 % | £26,615 | £91,615 |
| 6 Month Average | 16.479 % | £10,711 | £75,711 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jul 2023 | £131,723 | £129,950 | 88 BRADFORD AVENUE |
| 23 Mar 2023 | £78,742 | £78,000 | 18 KIDSGROVE SQUARE |
| 26 Jan 2023 | £29,859 | £30,000 | 17 KING JAMES COURT |
| 23 Oct 2020 | £29,327 | £25,000 | 34 KING HENRY COURT |
| 14 Feb 2020 | £68,515 | £56,000 | 9 BRADMAN STREET |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 31 Aug 2017.
The average size of a house on KING HENRY COURT is 53 sq meters (580 sq feet).