£173,305
This estimated value is based upon the latest sale price for the house of £100,000 on 31 Mar 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £100,000 | 31 Mar 2011 |
| £68,000 | 27 Nov 2000 |
| £58,500 | 27 Feb 1998 |
| Terraced |
| Freehold |
| Floor Area: 122 sq meters or 1,316 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 March 2011 the House Price Index for TYNE AND WEAR was 86.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.305%.Applying this 73.305% change to the original purchase price of £100,000 results in an estimated price of approximately £173,305.
| 31 Mar 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.4 | 149.7 | 73.305 % | £100,000 | £73,305 | £173,305 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 188.670 % | £188,669 | £288,669 |
| 3 Month Average | 84.461 % | £84,461 | £184,461 |
| 6 Month Average | 63.029 % | £63,029 | £163,029 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £163,050 | £160,000 | 61 YORK STREET |
| 5 Apr 2023 | £185,469 | £182,000 | 209 ALBERT ROAD |
| 10 Mar 2023 | £149,497 | £147,000 | 65 YORK STREET |
| 13 Feb 2023 | £201,345 | £200,000 | 215 ALBERT ROAD |
| 15 Sep 2022 | £169,887 | £170,000 | 203 ALBERT ROAD |
This house has a floor area of 122 sq meters or 1,316 sq feet when measured on 27 May 2010. Using an estimated price of £173,305 means this house is valued at £1,417 per sq meter (£131 per sq foot).
The average size of a house on PARK ROAD is 126 sq meters (1,360 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near North View |
| Aug 2024 | Vehicle crime | Under investigation | On or near North View |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near North View |
| Oct 2024 | Anti-social behaviour | On or near Park Road | |
| Aug 2024 | Violence and sexual offences | Awaiting court outcome | On or near Edith Street |