£119,919
This estimated value is based upon the latest sale price for the house of £120,000 on 7 Feb 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £120,000 | 7 Feb 2023 |
| £69,000 | 25 Oct 2011 |
| £41,000 | 15 Feb 2002 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 812 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 February 2023 the House Price Index for TYNE AND WEAR was 148.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £120,000 results in an estimated price of approximately £119,919.
| 7 Feb 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 148.6 | -0.067 % | £120,000 | £-80 | £119,919 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -27.463 % | £-32,955 | £87,044 |
| 3 Month Average | 4.316 % | £5,178 | £125,178 |
| 6 Month Average | 11.231 % | £13,477 | £133,477 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £95,000 | £95,000 | 44 GAINFORD |
| 3 Nov 2023 | £87,039 | £85,750 | 137 DARTMOUTH AVENUE |
| 11 Aug 2023 | £121,059 | £120,000 | 127 HERTFORD |
| 24 Feb 2023 | £127,414 | £127,500 | 45 WOODFORD |
| 7 Feb 2023 | £119,919 | £120,000 | 72 WOODFORD |
This house has a floor area of 75 sq meters or 812 sq feet when measured on 23 Jul 2011. Using an estimated price of £119,919 means this house is valued at £1,589 per sq meter (£147 per sq foot).
The average size of a house on WOODFORD is 83 sq meters (895 sq feet).