£273,339
This estimated value is based upon the latest sale price for the house of £80,000 on 25 Jun 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £80,000 | 25 Jun 2001 |
| 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 June 2001 the House Price Index for TYNE AND WEAR was 43.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 241.675%.Applying this 241.675% change to the original purchase price of £80,000 results in an estimated price of approximately £273,339.
| 25 Jun 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.8 | 149.7 | 241.675 % | £80,000 | £193,339 | £273,339 |
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 | 448.340 % | £358,672 | £438,672 |
| 3 Month Average | 451.780 % | £361,423 | £441,423 |
| 6 Month Average | 412.262 % | £329,809 | £409,809 |
| 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 89 sq meters or 957 sq feet when measured on 12 Aug 2018. Using an estimated price of £273,340 means this house is valued at £3,071 per sq meter (£285 per sq foot).
The average size of a house on LADYKIRK ROAD is 82 sq meters (884 sq feet).