£347,280
This estimated value is based upon the latest sale price for the house of £205,000 on 16 Jul 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£205,000 | 16 Jul 2010 |
Semi-Detached |
Freehold |
Floor Area: 101 sq meters or 1,096 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 July 2010 the House Price Index for TYNE AND WEAR was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.405%.Applying this 69.405% change to the original purchase price of £205,000 results in an estimated price of approximately £347,280.
16 Jul 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.7 | 148.6 | 69.405 % | £205,000 | £142,280 | £347,280 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 93.260 % | £191,182 | £396,182 |
3 Month Average | 10.353 % | £21,222 | £226,222 |
6 Month Average | 18.074 % | £37,051 | £242,051 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Nov 2023 | £324,809 | £320,000 | 68 YORK AVENUE |
10 Jul 2023 | £179,415 | £177,000 | 4 THIRLWELL GROVE |
7 Jul 2023 | £157,115 | £155,000 | 10 DUCHESS CRESCENT WEST |
3 Apr 2023 | £475,116 | £470,000 | 101 YORK AVENUE |
24 Mar 2023 | £307,901 | £305,000 | 83 YORK AVENUE |
This house has a floor area of 101 sq meters or 1,096 sq feet when measured on 25 Feb 2010. Using an estimated price of £347,281 means this house is valued at £3,410 per sq meter (£316 per sq foot).
The average size of a house on YORK AVENUE is 120 sq meters (1,292 sq feet).