£189,079
This estimated value is based upon the latest sale price for the house of £123,000 on 25 Apr 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 |
|---|---|
| £123,000 | 25 Apr 2014 |
| £58,950 | 30 Nov 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 April 2014 the House Price Index for TYNE AND WEAR was 95.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 53.723%.Applying this 53.723% change to the original purchase price of £123,000 results in an estimated price of approximately £189,079.
| 25 Apr 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 146.7 | 53.723 % | £123,000 | £66,079 | £189,079 |
The Postcode Pricing Model uses changes in average sales price within the NE10 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 | 25.560 % | £31,439 | £154,439 |
| 3 Month Average | 11.356 % | £13,967 | £136,967 |
| 6 Month Average | 5.009 % | £6,161 | £129,161 |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 14 Oct 2013.
The average size of a house on PARKLANDS is 78 sq meters (842 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Parklands |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Wardley Lane |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Parklands Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parklands Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parklands Way |