£65,509
This estimated value is based upon the latest sale price for the house of £18,000 on 17 Nov 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £18,000 | 17 Nov 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2000 the House Price Index for TYNE AND WEAR was 40.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 263.941%.Applying this 263.941% change to the original purchase price of £18,000 results in an estimated price of approximately £65,509.
| 17 Nov 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.8 | 148.6 | 263.941 % | £18,000 | £47,509 | £65,509 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 188.224 % | £33,880 | £51,880 |
| 3 Month Average | 182.839 % | £32,911 | £50,911 |
| 6 Month Average | 213.527 % | £38,434 | £56,434 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £100,000 | £100,000 | 24 GOFTON WALK |
| 8 Sep 2023 | £202,590 | £200,000 | 8 GARTHFIELD CRESCENT |
| 6 Sep 2023 | £174,228 | £172,000 | 35 GARTHFIELD CRESCENT |
| 21 Aug 2023 | £131,147 | £130,000 | 49 GARTHFIELD CRESCENT |
| 18 Aug 2023 | £277,427 | £275,000 | 41 GARTHFIELD CRESCENT |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 14 Feb 2017. Using an estimated price of £65,509 means this house is valued at £770 per sq meter (£71 per sq foot).
The average size of a house on GOFTON WALK is 91 sq meters (984 sq feet).