£145,763
This estimated value is based upon the latest sale price for the house of £118,800 on 25 Sep 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £118,800 | 25 Sep 2019 |
| Terraced |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 September 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.696%.Applying this 22.696% change to the original purchase price of £118,800 results in an estimated price of approximately £145,763.
| 25 Sep 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.696 % | £118,800 | £26,963 | £145,763 |
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 | 9.767 % | £11,603 | £130,403 |
| 3 Month Average | 6.546 % | £7,776 | £126,576 |
| 6 Month Average | 8.485 % | £10,080 | £128,880 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £88,815 | £87,500 | 72 ANCONA STREET |
| 21 Aug 2023 | £70,618 | £70,000 | 63 ANCONA STREET |
| 27 Jul 2023 | £187,524 | £185,000 | 19 PALLION PARK |
| 7 Jul 2023 | £99,337 | £98,000 | 8 PALLION PARK |
| 23 Aug 2022 | £42,984 | £43,100 | 16 NEVILLE ROAD |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 9 Aug 2019. Using an estimated price of £145,763 means this house is valued at £1,289 per sq meter (£119 per sq foot).
The average size of a house on PALLION PARK is 75 sq meters (816 sq feet).
This house is the largest in the street with a floor area of 113 sq meters (1,216 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pallion Park |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pallion Park |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Pallion Park |
| Mar 2024 | Drugs | Under investigation | On or near Moorland Square |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Moorland Square |