£309,201
This estimated value is based upon the latest sale price for the house of £304,000 on 25 May 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £304,000 | 25 May 2023 |
| £205,000 | 23 Sep 2013 |
| Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 May 2023 the House Price Index for TYNE AND WEAR was 146.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.711%.Applying this 1.711% change to the original purchase price of £304,000 results in an estimated price of approximately £309,201.
| 25 May 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.1 | 148.6 | 1.711 % | £304,000 | £5,201 | £309,201 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -26.929 % | £-81,864 | £222,135 |
| 3 Month Average | -10.391 % | £-31,590 | £272,409 |
| 6 Month Average | -1.564 % | £-4,755 | £299,244 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £320,610 | £315,000 | 87 ABBOTS WAY |
| 29 Sep 2023 | £364,612 | £359,950 | 174 ABBOTS WAY |
| 15 Sep 2023 | £481,152 | £475,000 | 140 ABBOTS WAY |
| 21 Jul 2023 | £304,093 | £300,000 | 29 ABBOTS WAY |
| 28 Feb 2023 | £299,798 | £300,000 | 94 ABBOTS WAY |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 24 Jun 2013.
The average size of a house on ABBOTS WAY is 115 sq meters (1,238 sq feet).