£704,722
This estimated value is based upon the latest sale price for the house of £115,000 on 25 Oct 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 25 Oct 2024 |
| £97,500 | 7 Mar 2008 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 October 2024 the House Price Index for TYNE AND WEAR was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £115,000 results in an estimated price of approximately £704,722.
| 25 Oct 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 149.7 | 512.803 % | £115,000 | £589,722 | £704,722 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 15.686 % | £18,039 | £133,039 |
| 3 Month Average | 19.590 % | £22,529 | £137,529 |
| 6 Month Average | 6.338 % | £7,288 | £122,288 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2024 | £125,000 | £125,000 | 22 RODNEY STREET |
| 5 Jul 2024 | £70,000 | £70,000 | 6 KENDAL HOUSE KENDAL PLACE |
| 10 May 2024 | £94,700 | £94,700 | 78 SHIELDS ROAD |
| 10 May 2024 | £142,500 | £142,500 | 82 - 84 SHIELDS ROAD |
| 26 Apr 2024 | £161,402 | £160,000 | 968 SHIELDS ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 28 Nov 2018.