£84,017
This estimated value is based upon the latest sale price for the house of £83,000 on 23 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 |
|---|---|
| £83,000 | 23 Jun 2023 |
| £70,000 | 29 May 2020 |
| £70,000 | 13 Aug 2013 |
| £68,000 | 27 Nov 2008 |
| £32,000 | 12 Jul 2002 |
| £32,500 | 30 Jun 1995 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 £83,000 results in an estimated price of approximately £84,017.
| 23 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.6 | 1.226 % | £83,000 | £1,017 | £84,017 |
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 | 7.853 % | £6,518 | £89,518 |
| 3 Month Average | -1.569 % | £-1,302 | £81,697 |
| 6 Month Average | -1.591 % | £-1,320 | £81,679 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £61,150 | £60,080 | 7 KEIGHLEY AVENUE |
| 31 Aug 2023 | £88,777 | £88,000 | 21 KEITH SQUARE |
| 7 Jul 2023 | £91,228 | £90,000 | 24 KEIGHLEY SQUARE |
| 23 Jun 2023 | £84,018 | £83,000 | 3 KEITH SQUARE |
| 28 Apr 2023 | £116,252 | £115,000 | 23 KILLARNEY AVENUE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 18 Feb 2014. Using an estimated price of £84,018 means this house is valued at £848 per sq meter (£78 per sq foot).
The average size of a house on KEITH SQUARE is 94 sq meters (1,020 sq feet).