£87,099
This estimated value is based upon the latest sale price for the house of £70,100 on 3 Jul 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,100 | 3 Jul 2019 |
| £14,000 | 24 Jan 2001 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 66 sq meters or 710 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 July 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £70,100 results in an estimated price of approximately £87,099.
| 3 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £70,100 | £16,999 | £87,099 |
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 | 52.274 % | £36,644 | £106,744 |
| 3 Month Average | 62.865 % | £44,068 | £114,168 |
| 6 Month Average | 45.209 % | £31,691 | £101,791 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £478,958 | £470,000 | 1 BISHOPS AVENUE |
| 3 Mar 2023 | £228,821 | £225,000 | 1 CHELSEA GROVE |
| 3 Feb 2023 | £47,316 | £47,000 | 13 TAMWORTH ROAD |
| 9 Nov 2022 | £140,841 | £141,500 | 11 BELSAY PLACE |
| 30 Jun 2022 | £61,311 | £60,000 | FLAT A 7 WELLESLEY TERRACE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 15 Jan 2020. Using an estimated price of £87,100 means this house is valued at £1,319 per sq meter (£122 per sq foot).
The average size of a house on DILSTON ROAD is 93 sq meters (1,002 sq feet).