£208,553
This estimated value is based upon the latest sale price for the house of £168,000 on 30 Nov 2018. 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 |
|---|---|
| £168,000 | 30 Nov 2018 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 November 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.139%.Applying this 24.139% change to the original purchase price of £168,000 results in an estimated price of approximately £208,553.
| 30 Nov 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.139 % | £168,000 | £40,553 | £208,553 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | -2.807 % | £-4,715 | £163,284 |
| 3 Month Average | 19.652 % | £33,015 | £201,015 |
| 6 Month Average | 22.909 % | £38,486 | £206,486 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Oct 2023 | £192,369 | £188,000 | 27 HAZELWOOD AVENUE |
| 26 Oct 2023 | £421,575 | £412,000 | 34 HAZELWOOD AVENUE |
| 20 Oct 2023 | £205,671 | £201,000 | 63 HAZELWOOD AVENUE |
| 31 Aug 2023 | £224,041 | £220,000 | 60 HAZELWOOD AVENUE |
| 12 Apr 2023 | £229,289 | £225,000 | 85 TAVISTOCK ROAD |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 16 Aug 2018. Using an estimated price of £208,553 means this house is valued at £1,829 per sq meter (£169 per sq foot).
The average size of a house on HAZELWOOD AVENUE is 85 sq meters (920 sq feet).