£157,285
This estimated value is based upon the latest sale price for the house of £100,250 on 1 Aug 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £100,250 | 1 Aug 2007 |
| £80,000 | 6 Oct 2006 |
| £34,500 | 29 Jul 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 2007 the House Price Index for TYNE AND WEAR was 94.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.893%.Applying this 56.893% change to the original purchase price of £100,250 results in an estimated price of approximately £157,285.
| 1 Aug 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 148.6 | 56.893 % | £100,250 | £57,035 | £157,285 |
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 | 12.023 % | £12,053 | £112,303 |
| 3 Month Average | -5.377 % | £-5,390 | £94,859 |
| 6 Month Average | -2.905 % | £-2,912 | £97,337 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £95,838 | £95,000 | 538 ST LUKES ROAD |
| 24 Jun 2022 | £60,860 | £60,000 | 71 PADGATE ROAD |
| 23 May 2022 | £163,073 | £160,000 | 5 PALMSTEAD ROAD |
| 23 Nov 2021 | £111,396 | £103,000 | 509 HYLTON ROAD |
| 27 Sep 2021 | £80,819 | £75,000 | 41 PENWOOD ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 22 Oct 2013. Using an estimated price of £157,285 means this house is valued at £1,691 per sq meter (£157 per sq foot).
The average size of a house on PALMSTEAD ROAD is 100 sq meters (1,076 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Awaiting court outcome | On or near Pitcairn Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pitcairn Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pitcairn Road |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Pitcairn Road |
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Pitcairn Road |