£247,814
This estimated value is based upon the latest sale price for the house of £134,000 on 3 May 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £134,000 | 3 May 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 39 sq meters or 419 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 May 2005 the House Price Index for TYNE AND WEAR was 80.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.936%.Applying this 84.936% change to the original purchase price of £134,000 results in an estimated price of approximately £247,814.
| 3 May 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 148.6 | 84.936 % | £134,000 | £113,814 | £247,814 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | -20.102 % | £-26,936 | £107,063 |
| 3 Month Average | 78.406 % | £105,064 | £239,064 |
| 6 Month Average | 4.305 % | £5,768 | £139,768 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £132,315 | £130,000 | APARTMENT 415 PANDONGATE HOUSE CITY ROAD |
| 8 Sep 2023 | £217,785 | £215,000 | APARTMENT 409 PANDONGATE HOUSE CITY ROAD |
| 28 Jun 2023 | £180,183 | £178,000 | APARTMENT 414 PANDONGATE HOUSE CITY ROAD |
| 14 Feb 2023 | £119,919 | £120,000 | APARTMENT 109 PANDONGATE HOUSE CITY ROAD |
| 13 Sep 2022 | £104,159 | £105,000 | APARTMENT 30 MARCONI HOUSE MELBOURNE STREET |
This house has a floor area of 39 sq meters or 419 sq feet when measured on 30 Nov 2018. Using an estimated price of £247,814 means this house is valued at £6,354 per sq meter (£590 per sq foot).
The average size of a house on MELBOURNE STREET is 61 sq meters (665 sq feet).