£62,028
This estimated value is based upon the latest sale price for the house of £51,500 on 2 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£51,500 | 2 Mar 2020 |
£20,000 | 25 Sep 2003 |
Terraced |
Freehold |
Floor Area: 70 sq meters or 753 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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £51,500 results in an estimated price of approximately £62,028.
2 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.4 | 148.6 | 20.444 % | £51,500 | £10,528 | £62,028 |
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 | 55.990 % | £28,835 | £80,335 |
3 Month Average | 10.801 % | £5,562 | £57,062 |
6 Month Average | 12.132 % | £6,247 | £57,747 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Nov 2023 | £80,187 | £79,000 | 6 PALMERSTON ROAD |
17 Nov 2023 | £223,306 | £220,000 | 5 GLAMIS AVENUE |
8 Sep 2023 | £60,777 | £60,000 | 3 PARTICK ROAD |
23 Mar 2023 | £95,904 | £95,000 | 8 THE GREENWAY |
18 Jul 2022 | £105,735 | £105,450 | 7 GRINDON GARDENS |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 14 Oct 2014. Using an estimated price of £62,029 means this house is valued at £886 per sq meter (£82 per sq foot).
The average size of a house on PALMERSTON ROAD is 96 sq meters (1,041 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Pelton Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Pelton Road |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Penman Square |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Putney Square |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Putney Square |