£56,137
This estimated value is based upon the latest sale price for the house of £37,500 on 16 Jan 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 |
|---|---|
| £37,500 | 16 Jan 2015 |
| £22,000 | 25 Aug 2006 |
| £13,000 | 26 Mar 2004 |
| £13,950 | 29 Aug 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 30 sq meters or 322 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 January 2015 the House Price Index for TYNE AND WEAR was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £37,500 results in an estimated price of approximately £56,137.
| 16 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £37,500 | £18,637 | £56,137 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 51.576 % | £19,341 | £56,841 |
| 3 Month Average | 34.205 % | £12,826 | £50,326 |
| 6 Month Average | 22.244 % | £8,341 | £45,841 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £163,050 | £160,000 | 61 YORK STREET |
| 5 Apr 2023 | £185,469 | £182,000 | 209 ALBERT ROAD |
| 31 Mar 2023 | £327,469 | £322,000 | 4 SURREY STREET |
| 10 Mar 2023 | £149,497 | £147,000 | 65 YORK STREET |
| 13 Feb 2023 | £201,345 | £200,000 | 215 ALBERT ROAD |
This house has a floor area of 30 sq meters or 322 sq feet when measured on 17 Apr 2017. Using an estimated price of £56,137 means this house is valued at £1,871 per sq meter (£173 per sq foot).
The average size of a house on PARK ROAD is 126 sq meters (1,360 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near North View |
| Aug 2024 | Vehicle crime | Under investigation | On or near North View |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near North View |
| Oct 2024 | Anti-social behaviour | On or near Park Road | |
| Aug 2024 | Violence and sexual offences | Awaiting court outcome | On or near Edith Street |