£145,030
This estimated value is based upon the latest sale price for the house of £130,000 on 5 Aug 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 5 Aug 2021 |
| £87,500 | 19 Apr 2013 |
| £110,000 | 27 Apr 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 2021 the House Price Index for TYNE AND WEAR was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £130,000 results in an estimated price of approximately £145,030.
| 5 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £130,000 | £15,030 | £145,030 |
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 | 20.608 % | £26,790 | £156,790 |
| 3 Month Average | -5.857 % | £-7,613 | £122,386 |
| 6 Month Average | -5.914 % | £-7,687 | £122,312 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £124,171 | £122,500 | 14 HALVERGATE CLOSE |
| 28 Oct 2022 | £82,611 | £83,500 | 4 HALVERGATE CLOSE |
| 22 Jul 2022 | £115,310 | £115,000 | 59 HALESWORTH DRIVE |
| 30 Jun 2022 | £109,041 | £107,500 | 6 HALVERGATE CLOSE |
| 2 Dec 2021 | £385,696 | £360,000 | 489 HYLTON ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 9 Nov 2011. Using an estimated price of £145,030 means this house is valued at £1,294 per sq meter (£120 per sq foot).
The average size of a house on PALGROVE ROAD is 115 sq meters (1,245 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Drugs | Under investigation | On or near Palgrove Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Palgrove Road |