£584,748
This estimated value is based upon the latest sale price for the house of £541,000 on 18 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Park Head Road
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| Price Paid | Date |
|---|---|
| £541,000 | 18 Jun 2021 |
| £204,000 | 28 Jun 2002 |
| £95,000 | 28 Jul 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 210 sq meters or 2,260 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 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £541,000 results in an estimated price of approximately £584,748.
| 18 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £541,000 | £43,748 | £584,748 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | -4.518 % | £-24,439 | £516,560 |
| 3 Month Average | -9.182 % | £-49,673 | £491,326 |
| 6 Month Average | -5.617 % | £-30,385 | £510,614 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £541,644 | £525,000 | 42 JESMOND PARK WEST |
| 26 Sep 2023 | £373,227 | £365,000 | 38 JESMOND PARK WEST |
| 28 Oct 2022 | £473,419 | £475,000 | 55 SOUTHLANDS |
| 1 Jul 2022 | £1,868,725 | £1,850,000 | SYCAMORE LODGE MELBURY ROAD |
| 17 Jun 2022 | £607,997 | £595,000 | 10 PARK HEAD ROAD |
This house has a floor area of 210 sq meters or 2,260 sq feet when measured on 15 Aug 2012. Using an estimated price of £584,749 means this house is valued at £2,784 per sq meter (£258 per sq foot).
There is one other house on the street which we know the size of, this is 3 DENE CLOSE it is 159.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Park Head Road | |
| May 2024 | Burglary | Under investigation | On or near Park Head Road |
| Jul 2024 | Vehicle crime | Under investigation | On or near Jesmond Park West |
| Jul 2024 | Anti-social behaviour | On or near Glendyn Close | |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Glendyn Close |