£189,698
This estimated value is based upon the latest sale price for the house of £157,500 on 5 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 |
|---|---|
| £157,500 | 5 Mar 2020 |
| £125,000 | 8 Oct 2002 |
| £59,999 | 26 Feb 1999 |
| £49,500 | 3 Nov 1995 |
| Semi-Detached |
| Leasehold |
| Floor Area: 110 sq meters or 1,184 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 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £157,500 results in an estimated price of approximately £189,698.
| 5 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £157,500 | £32,198 | £189,698 |
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 | 4.152 % | £6,540 | £164,040 |
| 3 Month Average | -0.773 % | £-1,217 | £156,282 |
| 6 Month Average | 4.769 % | £7,511 | £165,011 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £203,562 | £200,000 | 92 CHAPEL HOUSE DRIVE |
| 22 Nov 2023 | £126,878 | £125,000 | 11 BYRON COURT |
| 7 Jul 2023 | £223,001 | £220,000 | 63 HILLHEAD PARKWAY |
| 31 Mar 2023 | £199,883 | £198,000 | 105 CHAPEL HOUSE DRIVE |
| 20 Jan 2023 | £209,015 | £210,000 | 8 BARBONDALE LONNEN |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 27 Nov 2019. Using an estimated price of £189,699 means this house is valued at £1,724 per sq meter (£160 per sq foot).
The average size of a house on HILLHEAD PARKWAY is 85 sq meters (918 sq feet).