£292,036
This estimated value is based upon the latest sale price for the house of £171,000 on 3 Sep 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 |
|---|---|
| £171,000 | 3 Sep 2010 |
| £59,950 | 27 Jun 1997 |
| Terraced |
| Freehold |
| Floor Area: 155 sq meters or 1,674 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 September 2010 the House Price Index for TYNE AND WEAR was 87.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.782%.Applying this 70.782% change to the original purchase price of £171,000 results in an estimated price of approximately £292,036.
| 3 Sep 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 149.7 | 70.782 % | £171,000 | £121,036 | £292,036 |
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 | 7.091 % | £12,125 | £183,125 |
| 3 Month Average | 28.302 % | £48,396 | £219,396 |
| 6 Month Average | 34.052 % | £58,228 | £229,228 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Apr 2024 | £295,062 | £292,500 | 71 CARDIGAN TERRACE |
| 15 Dec 2023 | £178,484 | £173,000 | 21 STANNINGTON AVENUE |
| 13 Oct 2023 | £223,066 | £218,000 | 29 HEATON HALL ROAD |
| 31 Aug 2023 | £91,648 | £89,995 | FLAT 5 55 HEATON ROAD |
| 20 Feb 2023 | £216,446 | £215,000 | 83 CARDIGAN TERRACE |
This house has a floor area of 155 sq meters or 1,674 sq feet when measured on 6 Dec 2008. Using an estimated price of £292,037 means this house is valued at £1,877 per sq meter (£174 per sq foot).
The average size of a house on FALMOUTH ROAD is 119 sq meters (1,288 sq feet).