£602,883
This estimated value is based upon the latest sale price for the house of £565,000 on 2 Dec 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 |
---|---|
£565,000 | 2 Dec 2021 |
£410,000 | 4 Jul 2014 |
£130,000 | 21 Feb 1997 |
Semi-Detached |
Freehold |
Floor Area: 208 sq meters or 2,238 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 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.705%.Applying this 6.705% change to the original purchase price of £565,000 results in an estimated price of approximately £602,883.
2 Dec 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 148.0 | 6.705 % | £565,000 | £37,883 | £602,883 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 17.544 % | £99,124 | £664,124 |
3 Month Average | 8.836 % | £49,923 | £614,923 |
6 Month Average | 23.130 % | £130,681 | £695,681 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Dec 2023 | £535,124 | £525,000 | 42 JESMOND PARK WEST |
15 Nov 2023 | £146,886 | £145,000 | 64 JESMOND PARK WEST |
27 Jul 2023 | £530,014 | £525,000 | 35 JESMOND PARK WEST |
28 Oct 2022 | £468,043 | £475,000 | 55 SOUTHLANDS |
17 Jun 2022 | £601,092 | £595,000 | 10 PARK HEAD ROAD |
This house has a floor area of 208 sq meters or 2,238 sq feet when measured on 22 Mar 2013. Using an estimated price of £602,884 means this house is valued at £2,898 per sq meter (£269 per sq foot).
There is one other house on the street which we know the size of, this is 11 PARK HEAD ROAD it is 172.0
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Head Road |
Jan 2024 | Anti-social behaviour | On or near Park Head Road | |
Jan 2024 | Anti-social behaviour | On or near Park Head Road | |
Jan 2024 | Anti-social behaviour | On or near Park Head Road | |
Jan 2024 | Anti-social behaviour | On or near Park Head Road |