£118,908
This estimated value is based upon the latest sale price for the house of £98,000 on 2 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £98,000 | 2 Mar 2020 |
| Freehold |
| Floor Area: 64 sq meters or 688 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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £98,000 results in an estimated price of approximately £118,908.
| 2 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 149.7 | 21.335 % | £98,000 | £20,908 | £118,908 |
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 | 25.971 % | £25,451 | £123,451 |
| 3 Month Average | 29.183 % | £28,599 | £126,599 |
| 6 Month Average | 24.216 % | £23,732 | £121,732 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £51,585 | £50,000 | 48 LADYKIRK ROAD |
| 12 Oct 2023 | £78,789 | £77,000 | 31 LADYKIRK ROAD |
| 28 Apr 2023 | £81,015 | £79,500 | 67 LADYKIRK ROAD |
| 24 Mar 2023 | £66,104 | £65,000 | 82 HAMPSTEAD ROAD |
| 9 Feb 2023 | £125,841 | £125,000 | 118 HAMPSTEAD ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 24 Aug 2018. Using an estimated price of £118,909 means this house is valued at £1,857 per sq meter (£172 per sq foot).
The average size of a house on HAMPSTEAD ROAD is 80 sq meters (870 sq feet).