£76,688
This estimated value is based upon the latest sale price for the house of £62,000 on 6 Aug 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £62,000 | 6 Aug 2018 |
| £189,000 | 12 Aug 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 122 sq meters or 1,313 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 August 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £62,000 results in an estimated price of approximately £76,688.
| 6 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £62,000 | £14,688 | £76,688 |
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 | 91.304 % | £56,608 | £118,608 |
| 3 Month Average | 61.888 % | £38,370 | £100,370 |
| 6 Month Average | 51.528 % | £31,947 | £93,947 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Apr 2023 | £55,599 | £55,000 | 84 RIVER VIEW LOW STREET |
| 30 Jan 2023 | £46,282 | £46,500 | 3 RIVER VIEW LOW STREET |
| 23 Nov 2022 | £44,461 | £45,000 | 8 RIVER VIEW LOW STREET |
| 3 Aug 2022 | £66,820 | £67,000 | 52 RIVER VIEW LOW STREET |
| 19 Apr 2022 | £48,401 | £47,000 | 38 RIVER VIEW LOW STREET |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 20 Jan 2020. Using an estimated price of £76,688 means this house is valued at £628 per sq meter (£58 per sq foot).
The average size of a house on LOW STREET is 75 sq meters (812 sq feet).