£148,872
This estimated value is based upon the latest sale price for the house of £92,000 on 13 Apr 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 |
|---|---|
| £92,000 | 13 Apr 2007 |
| £80,000 | 22 Oct 2004 |
| £35,000 | 6 Oct 2000 |
| Semi-Detached |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 April 2007 the House Price Index for TYNE AND WEAR was 92.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.818%.Applying this 61.818% change to the original purchase price of £92,000 results in an estimated price of approximately £148,872.
| 13 Apr 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.5 | 149.7 | 61.818 % | £92,000 | £56,872 | £148,872 |
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 | -12.404 % | £-11,411 | £80,588 |
| 3 Month Average | 9.617 % | £8,847 | £100,847 |
| 6 Month Average | 16.459 % | £15,142 | £107,142 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £77,378 | £75,000 | 8 MARONDALE AVENUE |
| 18 Jan 2023 | £165,442 | £165,000 | 24 CALDERDALE AVENUE |
| 13 Jan 2023 | £185,496 | £185,000 | 49 MARONDALE AVENUE |
| 16 Nov 2022 | £77,139 | £77,500 | 67 MARONDALE AVENUE |
| 28 Oct 2022 | £94,684 | £95,000 | 62 MARONDALE AVENUE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 8 Sep 2015. Using an estimated price of £148,872 means this house is valued at £2,067 per sq meter (£192 per sq foot).
The average size of a house on MARONDALE AVENUE is 61 sq meters (661 sq feet).