£156,499
This estimated value is based upon the latest sale price for the house of £145,000 on 17 Dec 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,000 | 17 Dec 2021 |
| £123,000 | 6 Jun 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 December 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £145,000 results in an estimated price of approximately £156,499.
| 17 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £145,000 | £11,499 | £156,499 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | -13.354 % | £-19,363 | £125,636 |
| 3 Month Average | 13.978 % | £20,267 | £165,267 |
| 6 Month Average | 27.904 % | £40,460 | £185,460 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £356,092 | £353,000 | 21 OCEAN VIEW |
| 21 Dec 2023 | £92,853 | £90,000 | 21C NORTH PARADE |
| 12 Dec 2023 | £361,096 | £350,000 | 27 OCEAN VIEW |
| 22 Sep 2023 | £178,945 | £175,000 | 35B NORTH PARADE |
| 8 Sep 2023 | £383,453 | £375,000 | 36 NORTH PARADE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 28 Apr 2012. Using an estimated price of £156,500 means this house is valued at £2,445 per sq meter (£227 per sq foot).
The average size of a house on NORTH PARADE is 143 sq meters (1,548 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near North Parade | |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near North Parade |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near North Parade |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near North Parade |
| Apr 2024 | Anti-social behaviour | On or near North Parade |