£169,524
This estimated value is based upon the latest sale price for the house of £126,000 on 30 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £126,000 | 30 Jun 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 June 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £126,000 results in an estimated price of approximately £169,524.
| 30 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £126,000 | £43,524 | £169,524 |
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 | -17.240 % | £-21,722 | £104,277 |
| 3 Month Average | 18.122 % | £22,833 | £148,833 |
| 6 Month Average | 15.854 % | £19,976 | £145,976 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £176,533 | £175,000 | 5 GIBSIDE VIEW |
| 16 Nov 2023 | £210,339 | £205,000 | 14 SPA WELL CLOSE |
| 6 Oct 2023 | £162,695 | £159,000 | 43 PARKHEAD GARDENS |
| 21 Aug 2023 | £178,214 | £175,000 | 8 PARKHEAD GARDENS |
| 1 Jun 2023 | £158,170 | £155,000 | 14 PARK VIEW |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 3 May 2016. Using an estimated price of £169,525 means this house is valued at £1,747 per sq meter (£162 per sq foot).
The average size of a house on PARK LANE is 92 sq meters (994 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Spa Well Close | |
| Jun 2024 | Anti-social behaviour | On or near Spa Well Close | |
| Apr 2024 | Anti-social behaviour | On or near Spa Well Close | |
| Apr 2024 | Anti-social behaviour | On or near Spa Well Close | |
| Apr 2024 | Anti-social behaviour | On or near Spa Well Close |