£187,844
This estimated value is based upon the latest sale price for the house of £151,000 on 18 Sep 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £151,000 | 18 Sep 2018 |
| £80,000 | 27 Apr 2001 |
| Detached |
| Freehold |
| Floor Area: 62 sq meters or 667 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 2018 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £151,000 results in an estimated price of approximately £187,844.
| 18 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.401 % | £151,000 | £36,844 | £187,844 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 21.496 % | £32,459 | £183,459 |
| 3 Month Average | 24.851 % | £37,525 | £188,525 |
| 6 Month Average | 1.872 % | £2,825 | £153,825 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2022 | £212,126 | £210,000 | 21 PARK LEA |
| 25 Feb 2022 | £227,138 | £215,000 | 66 PARK LEA |
| 21 Feb 2022 | £402,510 | £381,000 | 2 THE MEWS |
| 10 Dec 2021 | £232,051 | £215,000 | 43 PARK LEA |
| 29 Jul 2021 | £312,599 | £270,000 | 41 PARK LEA |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 30 Jan 2017. Using an estimated price of £187,845 means this house is valued at £3,029 per sq meter (£281 per sq foot).
The average size of a house on PARK LEA is 110 sq meters (1,193 sq feet).
This house is the smallest in the street with a floor area of 62 sq meters (667 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Park Lea | |
| May 2024 | Anti-social behaviour | On or near Park Lea | |
| May 2024 | Anti-social behaviour | On or near Park Lea | |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near West Park |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near West Park |