£186,307
This estimated value is based upon the latest sale price for the house of £171,000 on 16 Nov 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been three burglaries within the last year on or near Park Road
More crime details
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| Price Paid | Date |
|---|---|
| £171,000 | 16 Nov 2021 |
| Terraced |
| Freehold |
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 November 2021 the House Price Index for TYNE AND WEAR was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £171,000 results in an estimated price of approximately £186,307.
| 16 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £171,000 | £15,307 | £186,307 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -61.013 % | £-104,332 | £66,667 |
| 3 Month Average | -27.194 % | £-46,502 | £124,497 |
| 6 Month Average | -24.358 % | £-41,652 | £129,347 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Apr 2024 | £85,745 | £85,000 | FLAT 2 22 PARK PLACE WEST |
| 20 Oct 2023 | £399,064 | £390,000 | 3 CARLTON TERRACE MOWBRAY ROAD |
| 9 Aug 2023 | £397,163 | £390,000 | 5 CARLTON TERRACE MOWBRAY ROAD |
| 12 Apr 2023 | £203,812 | £200,000 | 1B THE ESPLANADE |
| 23 Feb 2023 | £256,715 | £255,000 | 3 ST BEDES TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Park Road |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Park Road |
| May 2024 | Violence and sexual offences | Under investigation | On or near Park Road |
| May 2024 | Burglary | Under investigation | On or near Park Road |
| May 2024 | Burglary | Under investigation | On or near Park Road |