£417,878
This estimated value is based upon the latest sale price for the house of £425,000 on 27 Jan 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£425,000 | 27 Jan 2023 |
£285,000 | 2 Dec 2016 |
£232,000 | 5 Feb 2010 |
£222,000 | 2 Jul 2004 |
£165,000 | 12 Jul 2002 |
£67,500 | 17 Dec 1999 |
Terraced |
Freehold |
Floor Area: 186 sq meters or 2,002 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 2023 the House Price Index for TYNE AND WEAR was 149.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.676%.Applying this -1.676% change to the original purchase price of £425,000 results in an estimated price of approximately £417,878.
27 Jan 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
149.2 | 146.7 | -1.676 % | £425,000 | £-7,121 | £417,878 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | -19.113 % | £-81,229 | £343,770 |
3 Month Average | -12.909 % | £-54,863 | £370,136 |
6 Month Average | -17.227 % | £-73,213 | £351,786 |
This house has a floor area of 186 sq meters or 2,002 sq feet when measured on 12 Aug 2016.
The average size of a house on PARK PARADE is 158 sq meters (1,708 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Theft from the person | Under investigation | On or near Park Parade |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Park Parade |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Beach Avenue |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Park View |
Mar 2024 | Vehicle crime | Awaiting court outcome | On or near Park View |