£76,448
This estimated value is based upon the latest sale price for the house of £56,000 on 5 Feb 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £56,000 | 5 Feb 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 2016 the House Price Index for TYNE AND WEAR was 108.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 36.515%.Applying this 36.515% change to the original purchase price of £56,000 results in an estimated price of approximately £76,448.
| 5 Feb 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 148.6 | 36.515 % | £56,000 | £20,448 | £76,448 |
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 | 75.512 % | £42,286 | £98,286 |
| 3 Month Average | 11.573 % | £6,480 | £62,480 |
| 6 Month Average | 7.443 % | £4,168 | £60,168 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2023 | £243,224 | £239,950 | 59 BIRCHBERRY CLOSE |
| 23 May 2022 | £163,073 | £160,000 | 5 PALMSTEAD ROAD |
| 22 Apr 2022 | £66,422 | £64,500 | 10 PORTMAN SQUARE |
| 7 Feb 2022 | £52,382 | £49,950 | 97 PORTSMOUTH ROAD |
| 23 Nov 2021 | £111,396 | £103,000 | 509 HYLTON ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 16 Feb 2017. Using an estimated price of £76,449 means this house is valued at £813 per sq meter (£75 per sq foot).
The average size of a house on PALMSTEAD SQUARE is 120 sq meters (1,297 sq feet).
This house is the largest in the street with a floor area of 94 sq meters (1,011 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Packham Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Packham Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Packham Road |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Packham Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Packham Road |