£306,223
This estimated value is based upon the latest sale price for the house of £230,000 on 5 Aug 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Park Lea
More crime details
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £230,000 | 5 Aug 2016 |
| Detached |
| Leasehold |
| Floor Area: 120 sq meters or 1,291 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 August 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £230,000 results in an estimated price of approximately £306,223.
| 5 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £230,000 | £76,223 | £306,223 |
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 | 51.089 % | £117,504 | £347,504 |
| 3 Month Average | 38.240 % | £87,952 | £317,952 |
| 6 Month Average | 18.098 % | £41,625 | £271,625 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2022 | £210,567 | £210,000 | 21 PARK LEA |
| 25 Feb 2022 | £225,469 | £215,000 | 66 PARK LEA |
| 21 Feb 2022 | £399,553 | £381,000 | 2 THE MEWS |
| 10 Dec 2021 | £230,346 | £215,000 | 43 PARK LEA |
| 29 Jul 2021 | £310,302 | £270,000 | 41 PARK LEA |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 31 Mar 2016. Using an estimated price of £306,224 means this house is valued at £2,551 per sq meter (£237 per sq foot).
The average size of a house on PARK LEA is 110 sq meters (1,193 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Park Lea |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Lea |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Park Lea |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Herrington Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Herrington Road |