£100,462
This estimated value is based upon the latest sale price for the house of £61,000 on 5 Aug 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £61,000 | 5 Aug 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 August 2013 the House Price Index for TYNE AND WEAR was 89.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 64.692%.Applying this 64.692% change to the original purchase price of £61,000 results in an estimated price of approximately £100,462.
| 5 Aug 2013 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 148.0 | 64.692 % | £61,000 | £39,462 | £100,462 |
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 | 108.020 % | £65,892 | £126,892 |
| 3 Month Average | 28.654 % | £17,478 | £78,478 |
| 6 Month Average | 36.093 % | £22,016 | £83,016 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £65,621 | £65,000 | 120 STRATHMORE CRESCENT |
| 7 Jul 2023 | £418,963 | £415,000 | 35 - 37 WEST ROAD |
| 9 Jun 2023 | £77,629 | £77,000 | 235 ELLESMERE ROAD |
| 16 Jan 2023 | £64,434 | £65,000 | 232 FARNDALE ROAD |
| 9 Nov 2022 | £67,407 | £68,500 | 240 FARNDALE ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 6 May 2014. Using an estimated price of £100,462 means this house is valued at £1,594 per sq meter (£148 per sq foot).
The average size of a house on FARNDALE ROAD is 81 sq meters (878 sq feet).