£240,184
This estimated value is based upon the latest sale price for the house of £142,000 on 17 Dec 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £142,000 | 17 Dec 2012 |
| £160,014 | 30 Nov 2007 |
| £63,000 | 1 Dec 2000 |
| Semi-Detached |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 December 2012 the House Price Index for TYNE AND WEAR was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £142,000 results in an estimated price of approximately £240,184.
| 17 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.6 | 69.144 % | £142,000 | £98,184 | £240,184 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 27.318 % | £38,791 | £180,791 |
| 3 Month Average | 16.466 % | £23,381 | £165,381 |
| 6 Month Average | 22.519 % | £31,976 | £173,976 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £225,382 | £222,500 | 7 GARSTIN CLOSE |
| 4 Jul 2022 | £376,012 | £375,000 | 6 HYDE PARK |
| 18 Dec 2020 | £217,549 | £189,550 | 55 HOME PARK |
| 13 Nov 2020 | £255,058 | £220,000 | 19 GREEN PARK |
| 2 Nov 2020 | £260,855 | £225,000 | 4 KENSINGTON GARDENS |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 22 May 2012. Using an estimated price of £240,184 means this house is valued at £3,335 per sq meter (£309 per sq foot).
The average size of a house on HOME PARK is 116 sq meters (1,257 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Home Park |
| Apr 2024 | Anti-social behaviour | On or near Bramley Court | |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Bramley Court |
| Feb 2024 | Anti-social behaviour | On or near Bramley Court | |
| Feb 2024 | Anti-social behaviour | On or near Bramley Court |