£66,961
This estimated value is based upon the latest sale price for the house of £66,150 on 14 Jun 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£66,150 | 14 Jun 2023 |
£19,950 | 27 Mar 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 70 sq meters or 753 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 June 2023 the House Price Index for TYNE AND WEAR was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £66,150 results in an estimated price of approximately £66,961.
14 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.8 | 148.6 | 1.226 % | £66,150 | £811 | £66,961 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | -30.958 % | £-20,478 | £45,671 |
3 Month Average | 7.850 % | £5,192 | £71,342 |
6 Month Average | 3.981 % | £2,633 | £68,783 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Dec 2023 | £129,262 | £127,000 | 176 STATION ROAD |
8 Sep 2023 | £132,950 | £131,250 | 206 STATION ROAD |
8 Sep 2023 | £132,950 | £131,250 | 204 STATION ROAD |
30 Jun 2023 | £88,320 | £87,250 | 116 WOODBINE AVENUE |
14 Jun 2023 | £66,961 | £66,150 | 228 STATION ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 4 Jun 2020. Using an estimated price of £66,961 means this house is valued at £956 per sq meter (£88 per sq foot).
The average size of a house on STATION ROAD is 86 sq meters (930 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Mitchell Court |
Dec 2023 | Anti-social behaviour | On or near Mitchell Court | |
Dec 2023 | Anti-social behaviour | On or near Mitchell Court | |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Mitchell Court |
Dec 2023 | Anti-social behaviour | On or near Mitchell Court |