£183,867
This estimated value is based upon the latest sale price for the house of £107,500 on 31 Oct 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £107,500 | 31 Oct 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 622 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 October 2012 the House Price Index for TYNE AND WEAR was 87.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.040%.Applying this 71.040% change to the original purchase price of £107,500 results in an estimated price of approximately £183,867.
| 31 Oct 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 149.7 | 71.040 % | £107,500 | £76,367 | £183,867 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 114.136 % | £122,696 | £230,196 |
| 3 Month Average | 83.365 % | £89,617 | £197,117 |
| 6 Month Average | 55.272 % | £59,417 | £166,917 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £189,818 | £185,000 | 39 WARWICK STREET |
| 20 Oct 2023 | £373,483 | £365,000 | 29 KINGSLEY PLACE |
| 1 Sep 2023 | £496,955 | £486,000 | 10 HEATON PARK VIEW |
| 30 Aug 2023 | £203,673 | £200,000 | 32 KINGSLEY PLACE |
| 30 Aug 2023 | £203,673 | £200,000 | 30 KINGSLEY PLACE |
This house has a floor area of 57 sq meters or 622 sq feet when measured on 26 Sep 2011. Using an estimated price of £183,868 means this house is valued at £3,178 per sq meter (£295 per sq foot).
The average size of a house on HEATON PARK VIEW is 92 sq meters (998 sq feet).
This house is the smallest in the street with a floor area of 57 sq meters (622 sq feet).