£113,233
This estimated value is based upon the latest sale price for the house of £36,500 on 28 Feb 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £36,500 | 28 Feb 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 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 February 2002 the House Price Index for TYNE AND WEAR was 48.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 210.229%.Applying this 210.229% change to the original purchase price of £36,500 results in an estimated price of approximately £113,233.
| 28 Feb 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 48.3 | 149.7 | 210.229 % | £36,500 | £76,733 | £113,233 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 115.597 % | £42,193 | £78,693 |
| 3 Month Average | 160.888 % | £58,724 | £95,224 |
| 6 Month Average | 169.726 % | £61,950 | £98,450 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jun 2024 | £172,500 | £172,500 | 33 MAIN ROAD |
| 14 Jun 2024 | £150,000 | £150,000 | 89 PARK FIELD |
| 30 Nov 2023 | £179,558 | £175,000 | 91 PARK FIELD |
| 9 Jun 2023 | £158,170 | £155,000 | 107 PARK FIELD |
| 14 Apr 2023 | £285,337 | £280,000 | BEAUMONT HOUSE, 53 MAIN ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 17 Jul 2012. Using an estimated price of £113,234 means this house is valued at £1,380 per sq meter (£128 per sq foot).
The average size of a house on PARK FIELD is 91 sq meters (988 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Drugs | Awaiting court outcome | On or near Lime Grove |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lime Grove |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lime Grove |
| Aug 2024 | Other crime | Under investigation | On or near Lime Grove |
| Aug 2024 | Other crime | Under investigation | On or near Lime Grove |