£109,713
This estimated value is based upon the latest sale price for the house of £89,950 on 15 Jan 2020. 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 |
|---|---|
| £89,950 | 15 Jan 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 20 sq meters or 215 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 January 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £89,950 results in an estimated price of approximately £109,713.
| 15 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £89,950 | £19,763 | £109,713 |
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 | -48.240 % | £-43,392 | £46,557 |
| 3 Month Average | -3.704 % | £-3,331 | £86,618 |
| 6 Month Average | -1.455 % | £-1,308 | £88,641 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Feb 2021 | £1,135,218 | £1,000,000 | FLAT 719 OPTO STUDENT NEWCASTLE CITY ROAD |
| 30 Nov 2020 | £94,197 | £81,250 | FLAT 617 OPTO STUDENT NEWCASTLE CITY ROAD |
| 17 Nov 2020 | £144,913 | £124,995 | FLAT 508 OPTO STUDENT NEWCASTLE CITY ROAD |
| 23 Oct 2020 | £104,932 | £89,450 | FLAT 409 OPTO STUDENT NEWCASTLE CITY ROAD |
| 23 Oct 2020 | £94,726 | £80,750 | FLAT 703 OPTO STUDENT NEWCASTLE CITY ROAD |
This house has a floor area of 20 sq meters or 215 sq feet when measured on 26 Sep 2019. Using an estimated price of £109,713 means this house is valued at £5,485 per sq meter (£509 per sq foot).
The average size of a house on CITY ROAD is 49 sq meters (535 sq feet).