£171,477
This estimated value is based upon the latest sale price for the house of £100,000 on 9 Jul 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £100,000 | 9 Jul 2012 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 963 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 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.478%.Applying this 71.478% change to the original purchase price of £100,000 results in an estimated price of approximately £171,477.
| 9 Jul 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.478 % | £100,000 | £71,477 | £171,477 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 84.920 % | £84,919 | £184,919 |
| 3 Month Average | 44.770 % | £44,769 | £144,769 |
| 6 Month Average | 39.408 % | £39,408 | £139,408 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Oct 2023 | £511,620 | £500,000 | 7 GLADSTONE TERRACE |
| 18 Sep 2023 | £117,592 | £115,000 | 165 PRINCE CONSORT ROAD |
| 15 Jun 2023 | £395,424 | £387,500 | PART OF SITE BT1 M23 QUEENSWAY SOUTH |
| 26 Aug 2022 | £80,878 | £80,500 | 1 BRACKENLAW |
| 13 Jun 2022 | £163,495 | £160,000 | 26 DENMARK STREET |
This house has a floor area of 89 sq meters or 963 sq feet when measured on 20 Jan 2012. Using an estimated price of £171,478 means this house is valued at £1,914 per sq meter (£177 per sq foot).
The average size of a house on COBURG STREET is 132 sq meters (1,425 sq feet).
This house is the smallest in the street with a floor area of 89 sq meters (963 sq feet).