£213,770
This estimated value is based upon the latest sale price for the house of £53,000 on 11 Nov 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £53,000 | 11 Nov 1999 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 58 sq meters or 624 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 November 1999 the House Price Index for TYNE AND WEAR was 36.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 303.340%.Applying this 303.340% change to the original purchase price of £53,000 results in an estimated price of approximately £213,770.
| 11 Nov 1999 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 36.4 | 146.7 | 303.340 % | £53,000 | £160,770 | £213,770 |
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 | 128.301 % | £67,999 | £120,999 |
| 3 Month Average | 232.561 % | £123,257 | £176,257 |
| 6 Month Average | 241.515 % | £128,003 | £181,003 |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 27 Apr 2012.
The average size of a house on PARK ROAD is 92 sq meters (991 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Vine Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Vine Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Vine Street |
| Mar 2024 | Anti-social behaviour | On or near Vine Street | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Vine Street |