£236,387
This estimated value is based upon the latest sale price for the house of £168,500 on 11 Nov 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £168,500 | 11 Nov 2015 |
| Detached |
| Leasehold |
| Floor Area: 95 sq meters or 1,022 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 November 2015 the House Price Index for TYNE AND WEAR was 106.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 40.289%.Applying this 40.289% change to the original purchase price of £168,500 results in an estimated price of approximately £236,387.
| 11 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 149.7 | 40.289 % | £168,500 | £67,887 | £236,387 |
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 | 17.978 % | £30,292 | £198,792 |
| 3 Month Average | 17.783 % | £29,964 | £198,464 |
| 6 Month Average | 3.581 % | £6,034 | £174,534 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2022 | £212,126 | £210,000 | 21 PARK LEA |
| 29 Apr 2022 | £269,730 | £260,000 | 14 PARKSIDE SOUTH |
| 25 Feb 2022 | £227,138 | £215,000 | 66 PARK LEA |
| 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 95 sq meters or 1,022 sq feet when measured on 23 Feb 2015. Using an estimated price of £236,388 means this house is valued at £2,488 per sq meter (£231 per sq foot).
The average size of a house on PARK LEA is 110 sq meters (1,193 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 |