£357,854
This estimated value is based upon the latest sale price for the house of £240,000 on 31 Oct 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £240,000 | 31 Oct 2014 |
| Detached |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 October 2014 the House Price Index for TYNE AND WEAR was 99.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 49.106%.Applying this 49.106% change to the original purchase price of £240,000 results in an estimated price of approximately £357,854.
| 31 Oct 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.0 | 49.106 % | £240,000 | £117,854 | £357,854 |
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 | 14.424 % | £34,617 | £274,617 |
| 3 Month Average | 20.904 % | £50,169 | £290,169 |
| 6 Month Average | 12.774 % | £30,658 | £270,658 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2022 | £209,717 | £210,000 | 21 PARK LEA |
| 29 Apr 2022 | £266,667 | £260,000 | 14 PARKSIDE SOUTH |
| 25 Feb 2022 | £224,559 | £215,000 | 66 PARK LEA |
| 10 Dec 2021 | £229,416 | £215,000 | 43 PARK LEA |
| 29 Jul 2021 | £309,049 | £270,000 | 41 PARK LEA |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 16 Jan 2014. Using an estimated price of £357,855 means this house is valued at £3,313 per sq meter (£307 per sq foot).
The average size of a house on WEST PARK is 129 sq meters (1,396 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Park Lea |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Lea |
| Apr 2024 | Anti-social behaviour | On or near Meadow Drive | |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Meadow Drive |
| Apr 2024 | Anti-social behaviour | On or near Meadow Drive |