£363,407
This estimated value is based upon the latest sale price for the house of £289,995 on 29 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £289,995 | 29 Jun 2018 |
| Detached |
| Freehold |
| Floor Area: 137 sq meters or 1,474 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 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £289,995 results in an estimated price of approximately £363,407.
| 29 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £289,995 | £73,412 | £363,407 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 8.271 % | £23,985 | £313,980 |
| 3 Month Average | 18.905 % | £54,822 | £344,817 |
| 6 Month Average | 8.693 % | £25,208 | £315,203 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Oct 2023 | £223,066 | £218,000 | 52 WHITWORTH PARK DRIVE |
| 14 Apr 2023 | £229,289 | £225,000 | 88 WHITWORTH PARK DRIVE |
| 7 Mar 2023 | £188,142 | £185,000 | 4 LOUISA CLOSE |
| 27 Jan 2023 | £471,259 | £470,000 | 5 AXWELL PARK |
| 18 Nov 2022 | £189,116 | £190,000 | 92 WHITWORTH PARK DRIVE |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 17 May 2018. Using an estimated price of £363,407 means this house is valued at £2,652 per sq meter (£246 per sq foot).
The average size of a house on AXWELL PARK is 163 sq meters (1,758 sq feet).