£150,074
This estimated value is based upon the latest sale price for the house of £89,000 on 1 Mar 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £89,000 | 1 Mar 2013 |
| £60,000 | 1 May 2009 |
| £50,000 | 25 Aug 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2013 the House Price Index for TYNE AND WEAR was 88.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.623%.Applying this 68.623% change to the original purchase price of £89,000 results in an estimated price of approximately £150,074.
| 1 Mar 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 149.7 | 68.623 % | £89,000 | £61,074 | £150,074 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 16.970 % | £15,102 | £104,102 |
| 3 Month Average | 25.471 % | £22,668 | £111,668 |
| 6 Month Average | 14.640 % | £13,029 | £102,029 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jun 2024 | £70,000 | £70,000 | 49 PITCAIRN ROAD |
| 2 May 2024 | £105,000 | £105,000 | 514 HYLTON ROAD |
| 25 Aug 2023 | £96,745 | £95,000 | 538 ST LUKES ROAD |
| 24 Jun 2022 | £61,311 | £60,000 | 71 PADGATE ROAD |
| 23 May 2022 | £164,280 | £160,000 | 5 PALMSTEAD ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 6 Jun 2012. Using an estimated price of £150,075 means this house is valued at £1,852 per sq meter (£172 per sq foot).
The average size of a house on PALMSTEAD ROAD is 100 sq meters (1,076 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Palmstead Road |
| Aug 2024 | Other crime | Under investigation | On or near Palmstead Road |
| Aug 2024 | Other crime | Under investigation | On or near Palmstead Road |
| Nov 2024 | Public order | Under investigation | On or near Pitcairn Road |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Pitcairn Road |