£87,983
This estimated value is based upon the latest sale price for the house of £54,000 on 16 Mar 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 |
---|---|
£54,000 | 16 Mar 2007 |
Terraced |
Freehold |
Floor Area: 83 sq meters or 893 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 March 2007 the House Price Index for TYNE AND WEAR was 91.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 62.932%.Applying this 62.932% change to the original purchase price of £54,000 results in an estimated price of approximately £87,983.
16 Mar 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
91.9 | 149.7 | 62.932 % | £54,000 | £33,983 | £87,983 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 25.522 % | £13,782 | £67,782 |
3 Month Average | 3.506 % | £1,893 | £55,893 |
6 Month Average | 3.674 % | £1,983 | £55,983 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Nov 2023 | £61,563 | £60,000 | 36 ROSE AVENUE |
1 Sep 2023 | £82,826 | £81,000 | 46 EWE HILL TERRACE |
10 Aug 2023 | £81,469 | £80,000 | 32 ROSE AVENUE |
10 Mar 2023 | £50,849 | £50,000 | 4 EWE HILL TERRACE WEST |
4 Aug 2022 | £100,420 | £99,950 | 18 STATION AVENUE NORTH |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 25 Jun 2020. Using an estimated price of £87,983 means this house is valued at £1,060 per sq meter (£98 per sq foot).
There is one other house on the street which we know the size of, this is 3 EWE HILL COTTAGES it is 59.0