£325,248
This estimated value is based upon the latest sale price for the house of £140,000 on 30 Jul 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£140,000 | 30 Jul 2003 |
£91,000 | 9 Nov 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 108 sq meters or 1,162 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 July 2003 the House Price Index for TYNE AND WEAR was 64.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 132.320%.Applying this 132.320% change to the original purchase price of £140,000 results in an estimated price of approximately £325,248.
30 Jul 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
64.0 | 148.6 | 132.320 % | £140,000 | £185,248 | £325,248 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 130.682 % | £182,954 | £322,954 |
3 Month Average | 92.798 % | £129,916 | £269,916 |
6 Month Average | 109.519 % | £153,326 | £293,326 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £110,384 | £108,750 | FLAT 4 40 PERCY PARK |
9 Nov 2023 | £431,387 | £425,000 | FLAT 3 50 PERCY PARK |
1 Aug 2023 | £600,251 | £595,000 | 16 ABBEY DRIVE |
15 Jun 2023 | £659,995 | £652,000 | 34 PARKSIDE CRESCENT |
31 Mar 2023 | £222,092 | £220,000 | 39 PERCY PARK |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 19 Feb 2019. Using an estimated price of £325,249 means this house is valued at £3,011 per sq meter (£279 per sq foot).
The average size of a house on PERCY PARK is 119 sq meters (1,281 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Drugs | Under investigation | On or near Abbey Drive |
Dec 2023 | Public order | Under investigation | On or near Abbey Drive |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near The Drive |