£189,677
This estimated value is based upon the latest sale price for the house of £125,000 on 27 Jun 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £125,000 | 27 Jun 2014 |
| £118,500 | 15 Jun 2007 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 June 2014 the House Price Index for TYNE AND WEAR was 96.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 51.742%.Applying this 51.742% change to the original purchase price of £125,000 results in an estimated price of approximately £189,677.
| 27 Jun 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 146.7 | 51.742 % | £125,000 | £64,677 | £189,677 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | 3.359 % | £4,198 | £129,198 |
| 3 Month Average | 24.951 % | £31,189 | £156,189 |
| 6 Month Average | 32.023 % | £40,028 | £165,028 |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 29 May 2012.
The average size of a house on PARKLAND is 96 sq meters (1,043 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Manorfields |
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Southfield Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Eastfield Terrace |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Whitfield Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Whitfield Drive |