£177,445
This estimated value is based upon the latest sale price for the house of £140,000 on 8 Sep 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £140,000 | 8 Sep 2017 |
| £120,000 | 24 Aug 2004 |
| £84,950 | 12 Sep 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,259 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 2017 the House Price Index for TYNE AND WEAR was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £140,000 results in an estimated price of approximately £177,445.
| 8 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £140,000 | £37,445 | £177,445 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -48.993 % | £-68,589 | £71,410 |
| 3 Month Average | 0.227 % | £317 | £140,317 |
| 6 Month Average | 13.813 % | £19,337 | £159,337 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £208,081 | £205,000 | 14 SPA WELL CLOSE |
| 21 Aug 2023 | £176,544 | £175,000 | 8 PARKHEAD GARDENS |
| 1 Jun 2023 | £156,901 | £155,000 | 14 PARK VIEW |
| 24 Jun 2022 | £55,788 | £55,000 | 15 PARKHEAD SQUARE |
| 25 Feb 2022 | £174,083 | £166,000 | 47 PARKHEAD GARDENS |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 23 Jan 2017. Using an estimated price of £177,445 means this house is valued at £1,516 per sq meter (£140 per sq foot).
The average size of a house on PARKHEAD GARDENS is 105 sq meters (1,130 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parkhead Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Parkland Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Parkland Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Parkland Avenue |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park View |