£259,276
This estimated value is based upon the latest sale price for the house of £162,211 on 7 Jun 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£162,211 | 7 Jun 2007 |
Flats/Maisonettes |
Leasehold |
Floor Area: 78 sq meters or 839 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 June 2007 the House Price Index for TYNE AND WEAR was 93.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.839%.Applying this 59.839% change to the original purchase price of £162,211 results in an estimated price of approximately £259,276.
7 Jun 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.7 | 149.7 | 59.839 % | £162,211 | £97,065 | £259,276 |
The Postcode Pricing Model uses changes in average sales price within the SR1 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 | -63.797 % | £-103,485 | £58,725 |
3 Month Average | -57.718 % | £-93,625 | £68,585 |
6 Month Average | -63.047 % | £-102,269 | £59,941 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £59,574 | £58,500 | APARTMENT 92 ECHO BUILDING WEST WEAR STREET |
9 Jun 2023 | £51,022 | £50,000 | APARTMENT 8 ECHO BUILDING WEST WEAR STREET |
13 Jan 2023 | £55,147 | £55,000 | APARTMENT 82 ECHO BUILDING WEST WEAR STREET |
16 Sep 2022 | £37,475 | £37,500 | APARTMENT 16 ECHO BUILDING WEST WEAR STREET |
23 Jun 2021 | £59,448 | £55,000 | APARTMENT 158 ECHO BUILDING WEST WEAR STREET |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 21 Jul 2020. Using an estimated price of £259,277 means this house is valued at £3,324 per sq meter (£308 per sq foot).
The average size of a house on WEST WEAR STREET is 80 sq meters (869 sq feet).