£353,103
This estimated value is based upon the latest sale price for the house of £220,000 on 20 Dec 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Park Lea
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| Price Paid | Date |
|---|---|
| £220,000 | 20 Dec 2013 |
| £150,000 | 7 Nov 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 163 sq meters or 1,754 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 2013 the House Price Index for TYNE AND WEAR was 92.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.502%.Applying this 60.502% change to the original purchase price of £220,000 results in an estimated price of approximately £353,103.
| 20 Dec 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 148.6 | 60.502 % | £220,000 | £133,103 | £353,103 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 15.456 % | £34,003 | £254,003 |
| 3 Month Average | 27.348 % | £60,165 | £280,165 |
| 6 Month Average | 18.893 % | £41,564 | £261,564 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2022 | £210,567 | £210,000 | 21 PARK LEA |
| 25 Feb 2022 | £225,469 | £215,000 | 66 PARK LEA |
| 21 Feb 2022 | £399,553 | £381,000 | 2 THE MEWS |
| 10 Dec 2021 | £230,346 | £215,000 | 43 PARK LEA |
| 29 Jul 2021 | £310,302 | £270,000 | 41 PARK LEA |
This house has a floor area of 163 sq meters or 1,754 sq feet when measured on 18 May 2012. Using an estimated price of £353,104 means this house is valued at £2,166 per sq meter (£201 per sq foot).
The average size of a house on WEST PARK is 129 sq meters (1,396 sq feet).
This house is the largest in the street with a floor area of 163 sq meters (1,754 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Park Lea |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Lea |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Park Lea |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Herrington Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Herrington Road |