£108,045
This estimated value is based upon the latest sale price for the house of £24,500 on 25 Jun 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £24,500 | 25 Jun 1999 |
| Semi-Detached |
| Freehold |
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 June 1999 the House Price Index for TYNE AND WEAR was 33.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 341.003%.Applying this 341.003% change to the original purchase price of £24,500 results in an estimated price of approximately £108,045.
| 25 Jun 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.9 | 149.7 | 341.003 % | £24,500 | £83,545 | £108,045 |
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 | 518.759 % | £127,096 | £151,596 |
| 3 Month Average | 456.435 % | £111,826 | £136,326 |
| 6 Month Average | 426.659 % | £104,531 | £129,031 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £132,930 | £130,000 | 96 SUTHERLAND AVENUE |
| 26 Apr 2023 | £86,620 | £85,000 | 136 SEVERUS ROAD |
| 13 Feb 2023 | £176,177 | £175,000 | 60 HADRIAN ROAD |
| 22 Aug 2022 | £110,517 | £110,000 | 89 SEVERUS ROAD |
| 1 Aug 2022 | £178,836 | £178,000 | 139 CEDAR ROAD |