£223,459
This estimated value is based upon the latest sale price for the house of £134,000 on 1 Dec 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £134,000 | 1 Dec 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 887 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 December 2006 the House Price Index for TYNE AND WEAR was 89.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.761%.Applying this 66.761% change to the original purchase price of £134,000 results in an estimated price of approximately £223,459.
| 1 Dec 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.8 | 149.7 | 66.761 % | £134,000 | £89,459 | £223,459 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 1.500 % | £2,010 | £136,010 |
| 3 Month Average | 17.718 % | £23,741 | £157,741 |
| 6 Month Average | 25.811 % | £34,586 | £168,586 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jun 2024 | £172,500 | £172,500 | 33 MAIN ROAD |
| 14 Jun 2024 | £150,000 | £150,000 | 89 PARK FIELD |
| 8 Dec 2023 | £214,078 | £207,500 | 3 WOODSIDE WAY |
| 30 Nov 2023 | £179,558 | £175,000 | 91 PARK FIELD |
| 27 Nov 2023 | £138,516 | £135,000 | RYDAL WOODSIDE LANE |
This house has a floor area of 82 sq meters or 887 sq feet when measured on 3 Nov 2008. Using an estimated price of £223,460 means this house is valued at £2,711 per sq meter (£251 per sq foot).
The average size of a house on MAIN ROAD is 180 sq meters (1,947 sq feet).